https://www.taxtmi.com/caselaws?id=210028 The Appellate Tribunal CESTAT, CHENNAI upheld the extension of credit for countervailing duty (CVD) paid on imported items, amounting to Rs.5,30,539.50, in a case where the assessees legitimately availed credit for duty paid on specific items. The Tribunal rejected the denial of credit based on technical grounds related to invoicing discrepancies. Penalties under Section 76 were not reinstated due to the existence of a penalty under Section 78, but the penalty under Section 77 was restored for non-filing of ST-3 returns. The appeal was allowed only to reinstate the penalty under Section 77 of the Finance Act, 1994. en-us Wed, 13 Jul 2011 00:00:00 +0530 Thu, 04 Jul 2013 19:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210028 The Appellate Tribunal CESTAT, CHENNAI upheld the extension of credit for countervailing duty (CVD) paid on imported items, amounting to Rs.5,30,539.50, in a case where the assessees legitimately availed credit for duty paid on specific items. The Tribunal rejected the denial of credit based on technical grounds related to invoicing discrepancies. Penalties under Section 76 were not reinstated due to the existence of a penalty under Section 78, but the penalty under Section 77 was restored for non-filing of ST-3 returns. The appeal was allowed only to reinstate the penalty under Section 77 of the Finance Act, 1994. Case-Laws Service Tax Wed, 13 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210028