Whether interest on Cenvat credit wrongly availed but not utilized is payable?

Deep Industries Limited Vs C.S.T. Service Tax (CESTAT Ahmedabad)

The limited question needs to be answered in this matter is whether interest on the amount of Cenvat credit availed but not utilized is recoverable or otherwise. The recovery of interest on the inadmissible Cenvat credit has been directed under Rule14 of the Cenvat Credit Rules, 2004 which at the relevant time reads as under :

“Rule 14. Recovery of Cenvat cre

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