https://www.taxtmi.com/caselaws?id=269700 The Tribunal set aside the demand in the assessee's appeal, holding that the second leg of Rule 16(2) applied and the appellants correctly discharged excise duty on resale. Consequently, penalties were also set aside. The Tribunal upheld the Commissioner (Appeals) orders, rejecting the Revenue's appeals and confirming the refund claims. The judgment emphasized the correct interpretation of Rule 16(2) and the applicability of relevant case laws, providing clarity on the treatment of returned goods and associated CENVAT credit. en-us Thu, 26 Nov 2015 00:00:00 +0530 Fri, 18 Dec 2015 20:05:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269700 The Tribunal set aside the demand in the assessee's appeal, holding that the second leg of Rule 16(2) applied and the appellants correctly discharged excise duty on resale. Consequently, penalties were also set aside. The Tribunal upheld the Commissioner (Appeals) orders, rejecting the Revenue's appeals and confirming the refund claims. The judgment emphasized the correct interpretation of Rule 16(2) and the applicability of relevant case laws, providing clarity on the treatment of returned goods and associated CENVAT credit. Case-Laws Central Excise Thu, 26 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269700