https://www.taxtmi.com/caselaws?id=328761 The tribunal ruled in favor of the appellant regarding the entitlement to avail Cenvat credit of Excise duty paid by the principal manufacturer. The tribunal held that once the duty of Excise was paid by utilizing the credit availed, it amounted to reversal of credit. The tribunal did not delve into whether the process undertaken by the appellant amounted to manufacturing, as legal grounds were sufficient to decide the case. The penalty imposed on the appellant and Managing Director was set aside due to a procedural lapse, as the appellant had already reversed the credit with interest before the show-cause notice was issued. en-us Mon, 29 Feb 2016 00:00:00 +0530 Fri, 06 Jan 2017 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328761 The tribunal ruled in favor of the appellant regarding the entitlement to avail Cenvat credit of Excise duty paid by the principal manufacturer. The tribunal held that once the duty of Excise was paid by utilizing the credit availed, it amounted to reversal of credit. The tribunal did not delve into whether the process undertaken by the appellant amounted to manufacturing, as legal grounds were sufficient to decide the case. The penalty imposed on the appellant and Managing Director was set aside due to a procedural lapse, as the appellant had already reversed the credit with interest before the show-cause notice was issued. Case-Laws Central Excise Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328761