https://www.taxtmi.com/caselaws?id=240078 The Appellate Tribunal CESTAT KOLKATA granted waiver of CENVAT Credit and penalties totaling Rs.4,35,40,758/- under the CENVAT Credit Rules, 2004 and Finance Act, 1994. The Applicant reversed the inadmissible CENVAT Credit on Special Additional Duty of Customs and paid interest. Despite filing the revised return late, the Tribunal found the Applicant had a prima facie case for waiver, emphasizing the importance of adhering to procedural requirements in CENVAT Credit matters. The Tribunal waived the pre-deposit of dues and stayed recovery pending appeal. en-us Thu, 30 May 2013 00:00:00 +0530 Mon, 25 Nov 2013 01:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240078 The Appellate Tribunal CESTAT KOLKATA granted waiver of CENVAT Credit and penalties totaling Rs.4,35,40,758/- under the CENVAT Credit Rules, 2004 and Finance Act, 1994. The Applicant reversed the inadmissible CENVAT Credit on Special Additional Duty of Customs and paid interest. Despite filing the revised return late, the Tribunal found the Applicant had a prima facie case for waiver, emphasizing the importance of adhering to procedural requirements in CENVAT Credit matters. The Tribunal waived the pre-deposit of dues and stayed recovery pending appeal. Case-Laws Service Tax Thu, 30 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240078