Levy of Penalty - disallowance of CENVAT Credit - Only for the ...

Central Excise

October 21, 2020

Levy of Penalty - disallowance of CENVAT Credit - Only for the reason that VAL instead of contesting the show cause notice went for settlement before the Settlement Commission, no adverse inference can be drawn against the appellant BALCO - The benefit of N/N. 214/86-CE was available to BALCO i.e. they could have received calcined alumina from VAL without payment of duty, as prescribed. Further, the extended period of limitation is not warranted in the facts and circumstances, there being no suppression of facts or attempt to evade duty, etc. - AT

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Levy of Penalty - disallowance of CENVAT Credit - Only for the ...

Central Excise

October 21, 2020

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