https://www.taxtmi.com/caselaws?id=255936 The Tribunal ruled in favor of M/s Pushpak Steel Industries Pvt. Ltd., holding that the show-cause notice for short levy of duty and interest under CENVAT Credit Rules was time-barred. The appellant successfully argued that the amendment to Rule 3(5) of the Rules was prospective and did not apply retroactively to their case, emphasizing the correct duty payment based on transaction value at the time of removal before the rule change. The Tribunal allowed the appeal, granting consequential benefits and emphasizing the importance of understanding rule amendments and timely issuance of show-cause notices in excise duty matters. en-us Fri, 19 Sep 2014 00:00:00 +0530 Fri, 30 Jan 2015 17:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255936 The Tribunal ruled in favor of M/s Pushpak Steel Industries Pvt. Ltd., holding that the show-cause notice for short levy of duty and interest under CENVAT Credit Rules was time-barred. The appellant successfully argued that the amendment to Rule 3(5) of the Rules was prospective and did not apply retroactively to their case, emphasizing the correct duty payment based on transaction value at the time of removal before the rule change. The Tribunal allowed the appeal, granting consequential benefits and emphasizing the importance of understanding rule amendments and timely issuance of show-cause notices in excise duty matters. Case-Laws Central Excise Fri, 19 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255936