CESTAT Mumbai: Waiver of Duty, Interest, and Penalty on Input Credit for Furnace Oil

The Appellate Tribunal CESTAT MUMBAI ruled in favor of the applicant, waiving the recovery of duty, interest, and penalty on input credit for furnace oil due to storage capacity issues. The applicant had necessary storage tanks before audit, and additional tank was dismantled before audit, receiving furnace oil in barrels kept in their factory.

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The Appellate Tribunal CESTAT MUMBAI ruled in favor of the applicant, waiving the recovery of duty, interest, and penalty on input credit for furnace oil due to storage capacity issues. The applicant had necessary storage tanks before audit, and additional tank was dismantled before audit, receiving furnace oil in barrels kept in their factory.

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