https://www.taxtmi.com/caselaws?id=271316 The Tribunal ruled in favor of the respondent, holding that the benefit of Cenvat credit was not in violation of Rule 3(5) of the Cenvat Credit Rules, 2004, as the assessee acted in good faith. The Tribunal also allowed the respondent to clear inputs despite contravening Notification No.22/2003-CE, emphasizing the bona fide belief of the assessee. Additionally, the Tribunal rejected the extended period of limitation under Section 11A of the Act, noting the genuine belief of the assessee. The sustainability of the demand within the limitation period was questioned, leading to an appeal admitted to address the issue of revenue neutrality. en-us Thu, 28 Jan 2016 00:00:00 +0530 Wed, 19 Oct 2016 18:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=271316 The Tribunal ruled in favor of the respondent, holding that the benefit of Cenvat credit was not in violation of Rule 3(5) of the Cenvat Credit Rules, 2004, as the assessee acted in good faith. The Tribunal also allowed the respondent to clear inputs despite contravening Notification No.22/2003-CE, emphasizing the bona fide belief of the assessee. Additionally, the Tribunal rejected the extended period of limitation under Section 11A of the Act, noting the genuine belief of the assessee. The sustainability of the demand within the limitation period was questioned, leading to an appeal admitted to address the issue of revenue neutrality. Case-Laws Central Excise Thu, 28 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=271316