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Central Excise - Highlights / Catch Notes

Home Highlights June 2020 Year 2020 This

Levy of penalty - re-credit of CENVAT Credit - Furnace Oil used ...

Central Excise

June 5, 2020

Levy of penalty - re-credit of CENVAT Credit - Furnace Oil used as “fuel” in the manufacture of both dutiable and exempt goods (Wood Pulp) - re-taking of the credit by the appellant on furnace oil used as input was not with any malafide intention but was consistent with the prevalent judicial precedent in favour of the assessee.

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