https://www.taxtmi.com/caselaws?id=122303 The Tribunal rejected the appellant's claim of revenue neutrality and upheld the recovery of excess deemed credit taken due to confusion over duty rates on man-made fabrics under Chapter heading 5406.22 of CETA, 1985. The Commissioner's decision to confirm the recovery was deemed legally correct, while the penalty was set aside. The appellant's argument of adopting a higher duty rate and claiming excess credit was rejected, and the excess credit was held recoverable under Rule 13 of Cenvat Rules. Consequently, the appeal was rejected. en-us Fri, 13 Apr 2007 00:00:00 +0530 Sat, 11 Aug 2012 12:13:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=122303 The Tribunal rejected the appellant's claim of revenue neutrality and upheld the recovery of excess deemed credit taken due to confusion over duty rates on man-made fabrics under Chapter heading 5406.22 of CETA, 1985. The Commissioner's decision to confirm the recovery was deemed legally correct, while the penalty was set aside. The appellant's argument of adopting a higher duty rate and claiming excess credit was rejected, and the excess credit was held recoverable under Rule 13 of Cenvat Rules. Consequently, the appeal was rejected. Case-Laws Central Excise Fri, 13 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=122303