No Interest payable to assessee on accumulated Cenvat credit lying unutilized

Ad2Pro Global Creative Solutions Pvt. Ltd. Vs Commissioner of Service Tax (CESTAT Chennai) Conclusion: Interest was not payable accumulated CENVAT credit lying unutilized as in case of export of services under Rule 5 of the CENVAT Credit Rules, 2004, assessee was free to take back the credit of not sanctioned / partially sanctioned refunds. Held: Appellant, who were registered under Service Tax, were providing services under the category of ‘advertising agency service’ and ‘business auxiliary service’. It had been exporting the said services to various clients located outside India ...