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2018 (5) TMI 869 - AT - Central ExciseLiability of interest and penalty - CENVAT credit attributable to the inputs which were for other purposes than manufacture reversed - Held that: - Hon’ble High Court of Andhra Pradesh in the case of Bharat Dynamics Limited [2015 (12) TMI 808 - ANDHRA PRADESH HIGH COURT] will cover the issue in favour of the appellants herein, in respect of interest, where it was held that interest need not be charged only for the purpose of taken the CENVAT credit - interest set aside. Penalty u/r 15 of the CCR 2004 - Held that: - the said rules cannot be invoked on the facts of this case as appellant themselves have reversed the CENVAT credit availed by them on the inputs which were used for other purposes - penalty set aside. Appeal allowed - decided in favor of appellant.
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