Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (2) TMI 616 - CESTAT HYDERABADCENVAT credit - the appellant has not reversed the credit for the relevant period when the timber logs/inputs were removed as such - Held that: - there is irregular availment of credit for which the demand has been rightly raised. It is to be noted that the appellant has paid an amount of ₹ 1,10,504/- immediately on being pointed out by the audit party. However, since the ER-1 returns do not reflect the non-reversal of the credit when the inputs were removed as such, the SCN issued invoking extended period of time is proper - the penalty of equal amount is unjustified and requires to be revised to the period beyond the normal period - appeal allowed - decided partly in favor of appellant.
|