https://www.taxtmi.com/caselaws?id=256516 The Tribunal ruled in favor of the Appellant, a Small Scale Industry unit, in a case involving the reversal of CENVAT credit of duty taken in relation to the closing stock as of 31.3.2010. The Tribunal accepted the Appellant's contentions regarding the actual quantity of CENVAT contained stock and the duty payable, contrary to the Department's demand. The Tribunal dismissed the allegation of suppression, acknowledged the contradiction in the show cause notice findings, and directed the Appellant to deposit the calculated amount of CENVAT credit with interest within eight weeks, without imposing a penalty due to the nature of the mistake and the Appellant's closure. en-us Fri, 02 Jan 2015 00:00:00 +0530 Sun, 15 Feb 2015 10:58:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256516 The Tribunal ruled in favor of the Appellant, a Small Scale Industry unit, in a case involving the reversal of CENVAT credit of duty taken in relation to the closing stock as of 31.3.2010. The Tribunal accepted the Appellant's contentions regarding the actual quantity of CENVAT contained stock and the duty payable, contrary to the Department's demand. The Tribunal dismissed the allegation of suppression, acknowledged the contradiction in the show cause notice findings, and directed the Appellant to deposit the calculated amount of CENVAT credit with interest within eight weeks, without imposing a penalty due to the nature of the mistake and the Appellant's closure. Case-Laws Central Excise Fri, 02 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256516