https://www.taxtmi.com/caselaws?id=265688 The appellate tribunal set aside the Order-in-Appeal confirming the demand for wrongly availed CENVAT Credit, interest, and penalty. The appellant, a manufacturer of excisable goods, successfully argued that they had already reversed the CENVAT Credit on imported goods diverted to their sister concern, as evidenced by entries in the registers. The tribunal found the appellant had rectified any discrepancies, absolving them of additional duty liability. The decision underscored the significance of meticulous record-keeping and compliance with excise regulations to prevent erroneous demands and penalties. en-us Mon, 13 Apr 2015 00:00:00 +0530 Wed, 14 Oct 2015 07:47:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=265688 The appellate tribunal set aside the Order-in-Appeal confirming the demand for wrongly availed CENVAT Credit, interest, and penalty. The appellant, a manufacturer of excisable goods, successfully argued that they had already reversed the CENVAT Credit on imported goods diverted to their sister concern, as evidenced by entries in the registers. The tribunal found the appellant had rectified any discrepancies, absolving them of additional duty liability. The decision underscored the significance of meticulous record-keeping and compliance with excise regulations to prevent erroneous demands and penalties. Case-Laws Central Excise Mon, 13 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=265688