https://www.taxtmi.com/caselaws?id=252541 The Tribunal set aside the lower appellate authority's decision and held that the appellant must reverse the credit taken on NCCD with interest. The penalty was waived due to the legal interpretation issue. The appeal was partly allowed, emphasizing that simultaneous availment of duty exemption and Cenvat Credit would result in double benefits, contrary to the purpose of the NCCD levy and leading to revenue loss. en-us Mon, 30 Jun 2014 00:00:00 +0530 Fri, 21 Nov 2014 15:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252541 The Tribunal set aside the lower appellate authority's decision and held that the appellant must reverse the credit taken on NCCD with interest. The penalty was waived due to the legal interpretation issue. The appeal was partly allowed, emphasizing that simultaneous availment of duty exemption and Cenvat Credit would result in double benefits, contrary to the purpose of the NCCD levy and leading to revenue loss. Case-Laws Central Excise Mon, 30 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252541