https://www.taxtmi.com/caselaws?id=253010 CENVAT credit reversal was not warranted where the assessee had already discharged excise duty on the cleared products in an amount exceeding the credit availed, making the exercise revenue neutral. The Tribunal applied the settled principle that, if the duty actually paid is higher than the credit taken, no further reversal of credit is required even when the activity is alleged not to amount to manufacture. The undisputed duty paid on waste, having already been discharged through PLA, did not call for further recovery. Accordingly, the demand for reversal of CENVAT credit was set aside. en-us Wed, 18 Jun 2014 00:00:00 +0530 Tue, 11 Nov 2014 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253010 CENVAT credit reversal was not warranted where the assessee had already discharged excise duty on the cleared products in an amount exceeding the credit availed, making the exercise revenue neutral. The Tribunal applied the settled principle that, if the duty actually paid is higher than the credit taken, no further reversal of credit is required even when the activity is alleged not to amount to manufacture. The undisputed duty paid on waste, having already been discharged through PLA, did not call for further recovery. Accordingly, the demand for reversal of CENVAT credit was set aside. Case-Laws Central Excise Wed, 18 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253010