2012 (2) ECS (111 ) (Tri-Ban) M/s Ultratech Cements Ltd The question whether the respondent should pay interest on any amount of CENVAT credit wrongly taken during September – December, 2004 and rightly reversed on 31.10.2005 has to be examined in terms of Rule 14 as it stood during the material period. Rule 14 as it stood during September, 2004 – October, 2005 was considered by the Hon’ble Supreme Court in the case of Ind-Swift Laboratories (supra). As per the decision of the Hon’ble Supreme Court, the respondent is liable to pay interest on the amount of CENVAT credit for the period from the date of its irregular availment to the date of its reversal, this period being covered by Rule 14 pre-amendment

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