TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Tribunal rules unutilized credit, not utilized amount, must be reversed under Compounded Levy Scheme</h1> <h3>COMMISSIONER OF C. EX., CHANDIGARH-I Versus BHUSHAN INDUSTRIES LTD.</h3> The Revenue's appeal against the order-in-appeal was dismissed by the Tribunal. The Tribunal held that only the unutilized credit needed to be reversed ... Cenvat/Modvat The Revenue appealed against the order-in-appeal regarding reversal of credit under Compounded Levy Scheme. Respondents had to reverse only Rs. 19,790/- of unutilized credit, not the utilized amount. Tribunal held that utilized credit is not recoverable when final product is duty exempt. Appeal disposed accordingly.
TaxTMI 
TaxTMI 
