https://www.taxtmi.com/caselaws?id=248885 The Tribunal disposed of stay petitions against an order confirming a demand of Rs. 1.59 Crores, interest, and penalties on all appellants due to a narrow issue. The demand was calculated based on exempted goods and ineligible CENVAT credit. The main issue was the reversal of CENVAT credit for common inputs used in manufacturing exempted final products. The Tribunal emphasized the need for reconsideration post-retrospective amendment and remanded the matter for fresh consideration. Seized documents were ordered to be released for defense preparation, and the Tribunal directed expeditious resolution of the case dating back to 2007. en-us Wed, 28 May 2014 00:00:00 +0530 Fri, 27 Jun 2014 17:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248885 The Tribunal disposed of stay petitions against an order confirming a demand of Rs. 1.59 Crores, interest, and penalties on all appellants due to a narrow issue. The demand was calculated based on exempted goods and ineligible CENVAT credit. The main issue was the reversal of CENVAT credit for common inputs used in manufacturing exempted final products. The Tribunal emphasized the need for reconsideration post-retrospective amendment and remanded the matter for fresh consideration. Seized documents were ordered to be released for defense preparation, and the Tribunal directed expeditious resolution of the case dating back to 2007. Case-Laws Central Excise Wed, 28 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248885