https://www.taxtmi.com/caselaws?id=264868 The Tribunal directed the appellant to deposit a specified amount of the cenvat credit demand within a designated timeframe, with the requirement of pre-deposit for the balance amount, interest, and penalty being waived upon timely compliance. The Tribunal upheld the Commissioner's decision regarding the liability of the appellant to reverse the credit under Rule 11(3) of Cenvat Credit Rules, 2004 for inputs in stock, finished products, and work in progress after E-bikes became fully exempt from duty. Additionally, the Tribunal confirmed the application of Rule 11(3) based on separate imports of inputs for E-bikes and spare parts, leading to a cenvat credit demand and penalty against the appellant. en-us Mon, 02 Feb 2015 00:00:00 +0530 Sun, 04 Oct 2015 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264868 The Tribunal directed the appellant to deposit a specified amount of the cenvat credit demand within a designated timeframe, with the requirement of pre-deposit for the balance amount, interest, and penalty being waived upon timely compliance. The Tribunal upheld the Commissioner's decision regarding the liability of the appellant to reverse the credit under Rule 11(3) of Cenvat Credit Rules, 2004 for inputs in stock, finished products, and work in progress after E-bikes became fully exempt from duty. Additionally, the Tribunal confirmed the application of Rule 11(3) based on separate imports of inputs for E-bikes and spare parts, leading to a cenvat credit demand and penalty against the appellant. Case-Laws Central Excise Mon, 02 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264868