https://www.taxtmi.com/caselaws?id=216575 The appeal involved the interpretation of Cenvat Credit Rules, specifically whether 100% credit could be claimed when only 50% was admissible in the initial financial year. The Tribunal determined that the assessee was entitled to the remaining 50% credit for the following year, as the wrongfully claimed credit was not utilized initially and did not prejudice the revenue. Additionally, the inclusion of sales tax in the Cenvat account was found permissible as the revenue failed to provide evidence of wrongful credit availing. The Tribunal disposed of the appeal without costs, affirming decisions on both issues. en-us Tue, 11 Sep 2012 00:00:00 +0530 Sat, 04 Jan 2014 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216575 The appeal involved the interpretation of Cenvat Credit Rules, specifically whether 100% credit could be claimed when only 50% was admissible in the initial financial year. The Tribunal determined that the assessee was entitled to the remaining 50% credit for the following year, as the wrongfully claimed credit was not utilized initially and did not prejudice the revenue. Additionally, the inclusion of sales tax in the Cenvat account was found permissible as the revenue failed to provide evidence of wrongful credit availing. The Tribunal disposed of the appeal without costs, affirming decisions on both issues. Case-Laws Central Excise Tue, 11 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216575