DEAR SIR,
WE HAVE WRONGLY CENVAT CREDIT TAKEN BUT BEFOUR UTILIZATION WE DEBITED THE SAME AMOUNT.
WHAT IS THE RULE OF INTEREST PAY, & WE WANT ANY JUDGEMENT OF THIS MATER.
THANKS
ASHOK SAHOO
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Wrongly cenvat credit taken
Replies (1)
Recently board has issued one circular under which you need to pay interest and there is no other option. But depends on the amount, you can defend with the department. Legally, you are bound to pay interest. Pls see the attachment.
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