https://www.taxtmi.com/caselaws?id=153764 The Tribunal ruled in favor of the appellant, setting aside the confirmation of interest and penalty on Cenvat credit reversal for cancelled stocks and flood damaged goods. The decision highlighted that the notification introducing the credit reversal provision was not retrospective, and the appellant's actions were in line with established case law precedents, ultimately allowing the appeal. en-us Fri, 11 Sep 2009 00:00:00 +0530 Tue, 30 Jul 2013 10:35:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=153764 The Tribunal ruled in favor of the appellant, setting aside the confirmation of interest and penalty on Cenvat credit reversal for cancelled stocks and flood damaged goods. The decision highlighted that the notification introducing the credit reversal provision was not retrospective, and the appellant's actions were in line with established case law precedents, ultimately allowing the appeal. Case-Laws Central Excise Fri, 11 Sep 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=153764