No Interest Is Payable For Intervening Period If Sufficient Balance Is Maintained In CENVAT Credit Account: CESTAT
Mariya Paliwala
22 Aug 2024 6:01 PM IST
The Kolkata Bench of Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) has held that if the assessee is maintaining sufficient balance in their CENVAT credit account, then they are not required to pay interest for the intervening period.The bench of Ashok Jindal (Judicial Member) and K. Anpazhakan (Technical Member) has observed that the appellant had sufficient balance in their...
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