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2023 (11) TMI 886 - AT - Central ExciseValidity of confirmation of demand towards reversal of Cenvat Credit - - Benefit of exemption - confirmation of demand against services provided to National Financial Corporation which was not listed in schedule to Section (3) of United Nations (Privileges and Immunities) Act, 1947 - HELD THAT:- Tribunal while deciding the appeal for earlier period has stated In para 7 of M/S ICRA MANAGEMENT CONSULTING SERVICE LTD. VERSUS COMMISSIONER OF CENTRAL EXCISE & S.T., GHAZIABAD [2019 (3) TMI 1230 - CESTAT ALLAHABAD] demand upholding the reversal of credit of Rs 2,12,309 the penalty imposed equal to this amount has been set aside. Appellant vide his letter dated 07/11/2023 informs that they has reversed the Cenvat credit amounting to Rs.2,65,723/- in terms of provisions of Rule 6 of the Cenvat Credit Rules, 2004. Further, it is informed that the said reversal of credit had already been intimated to the Service Tax Department vide letter(s) dated 29.06.2015 and 23.06.2016. However it is also noted that taking note of the above revenue has not given any demand in respect of this amount in the present statement of demand, nor any penalty has been imposed corresponding to this amount. There are no reason to differ from the above order, as the show cause notice also do not give any ground except that it was an statement of demand on the basis of earlier show cause notice. Impugned order is set aside - appeal allowed.
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