https://www.taxtmi.com/caselaws?id=267121 The Tribunal allowed the appellant's appeal, ruling that the reversal of CENVAT credit should be considered as if no credit was availed, entitling the appellant to the benefit of Notification No.10/2002-CE. The appellant, engaged in manufacturing PD pumps and spare parts, had reversed the credit for PD pumps but argued that this should not disqualify them from the Notification benefit. The Tribunal, citing legal precedents, set aside the lower authorities' decisions, holding the appellant liable to pay interest on the reversed credit until the reversal period. en-us Mon, 27 Jul 2015 00:00:00 +0530 Fri, 30 Oct 2015 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267121 The Tribunal allowed the appellant's appeal, ruling that the reversal of CENVAT credit should be considered as if no credit was availed, entitling the appellant to the benefit of Notification No.10/2002-CE. The appellant, engaged in manufacturing PD pumps and spare parts, had reversed the credit for PD pumps but argued that this should not disqualify them from the Notification benefit. The Tribunal, citing legal precedents, set aside the lower authorities' decisions, holding the appellant liable to pay interest on the reversed credit until the reversal period. Case-Laws Central Excise Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267121