Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (3) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (3) TMI 482 - AT - Central ExciseInterest - penalty - It is the case of Revenue that there was illegal availment of CENVAT credit which was liable to be recovered u/r 14 of CCR 2004 and liable to be penalized u/r 15(2) of CCR 2004 - Held that: - the reversal of CENVAT credit is mandatory whenever the value of inputs is written off or provisions made for such in the books of accounts - In the instant dispute, the reversal was made by the appellant and hence there is no call to invoke rule 14 of CCR 2004 - Consequently there is no scope for invoking rule 15 of CCR 2004 - appeal dismissed - decided against Revenue.
|