The CESTAT, Kolkata in M/s. National Aluminium Company Limited v. Commissioner of Central Excise & Service Tax [Excise Appeal No.52 of 2011 dated June 08, 2023] held that the amendment in Rule 14 of the CENVAT Credit Rules, 2004 (“the CC Rules”) which previously read as ‘taken or utilized’ but was changed to ‘taken and utilized’, clearly indicated the intention of the legislature not to impose interest where the credit had been taken but not utilized.
Source a2ztaxcorp
