Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2016 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (6) TMI 1157 - AT - Central ExciseCENVAT credit - the credit has been taken as a mere book entry by the appellant but the said unintended error resulting in taking excess/ineligible credit was duly corrected, immediately by reversing the said credit much before the issuance of show-cause notice and without the same being utilized in any manner whatsoever - is demand of credit with interest and penalty justified? - Held that: - the case of the appellants is squarely covered by the decision of Jurisdictional Bench of the Honble High Court of Karnataka in the case of CCE Vs Bill Forge Pvt Ltd [2011 (4) TMI 969 - KARNATAKA HIGH COURT], where it was held that once the entry was reversed, it is as if that the Cenvat credit was not available - demand set aside - appeal allowed - decided in favor of assessee.
|