https://www.taxtmi.com/caselaws?id=3640 The Tribunal allowed the appeal, overturning the Commissioner's decision to deny CENVAT credit of CVD and Education Cess amounting to over Rs. 1.5 Crores to the appellants and imposing a penalty of Rs. 10 lakhs. The Tribunal held that the appellants were entitled to take CENVAT credit of the amount debited in DEPB towards payment of CVD and Education Cess under Notification No. 89/05-Cus, emphasizing compliance with specific Rules for CENVAT credit. The Tribunal's decision aligned with a previous judgment in favor of the assessee, emphasizing the importance of complying with the notification's conditions for availing CENVAT credit. en-us Thu, 20 Dec 2007 00:00:00 +0530 Mon, 21 Apr 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3640 The Tribunal allowed the appeal, overturning the Commissioner's decision to deny CENVAT credit of CVD and Education Cess amounting to over Rs. 1.5 Crores to the appellants and imposing a penalty of Rs. 10 lakhs. The Tribunal held that the appellants were entitled to take CENVAT credit of the amount debited in DEPB towards payment of CVD and Education Cess under Notification No. 89/05-Cus, emphasizing compliance with specific Rules for CENVAT credit. The Tribunal's decision aligned with a previous judgment in favor of the assessee, emphasizing the importance of complying with the notification's conditions for availing CENVAT credit. Case-Laws Customs Thu, 20 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3640