Prior to 1-4-2011, interest was leviable even when credit was wrongly taken and was reversed before

Cenvat Credit : Prior to 1-4-2011, credit was recoverable with interest even if it was wrongly taken and reversed before use; and contention that 'reversal before use' amounted to 'not taking credit' was invalid as rule 14 itself provides for recovery of 'wrongly taken credit'