Karnataka HC dismisses revenue appeal on Cenvat credit reversal rule

The Karnataka HC dismissed the revenue's appeal against the CESTAT order, as both parties agreed that no liability exists to reverse Cenvat credit without physical removal of goods. The appellant can seek a review before the Tribunal if permitted by law.

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The Karnataka High Court dismissed the revenue's appeal challenging the CESTAT order, as both parties agreed that no liability arises to reverse Cenvat credit without physical removal of goods. The appellant was given the opportunity to move an application for review of the order before the Tribunal if the law permits.

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