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2014 (6) TMI 940 - AT - Central ExciseCenvat credit reversal - Held that:- As in the facts and circumstances, it is more a case of interpretation of the legal statute and no case is made out of any suppression, fraud or disregard to the provisions of law. The appellant-assessee, without any protest immediately reversed the Cenvat credit on being so pointed out to at the first opportunity, almost 20 months before issuance of the show cause notice. In this view of the matter, in the interest of justice, set aside the imposition of penalty and interest sustained vide the impugned order, but under the facts and circumstances, amount of Cenvat credit reversed is upheld and the same stands confirmed.
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