https://www.taxtmi.com/caselaws?id=331558 The High Court of Madras set aside the Customs, Excise and Service Tax Tribunal's order disallowing Cenvat credit on molasses and imposing interest and penalties under the Cenvat Credit Rules, 2004. The Court remanded the case to the Tribunal for re-adjudication on maintaining separate accounts for dutiable and non-dutiable goods, applying Rule 6(3) of the Cenvat Credit Rules, 2004, and determining liability to pay 10% of the value of certain goods. Both parties agreed to the remand, focusing on specific issues for further consideration without costs. The judgment emphasized adherence to procedural rules and proper application of statutory provisions in Cenvat credit and duty payment matters. en-us Fri, 22 Jul 2016 00:00:00 +0530 Thu, 17 Nov 2016 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331558 The High Court of Madras set aside the Customs, Excise and Service Tax Tribunal's order disallowing Cenvat credit on molasses and imposing interest and penalties under the Cenvat Credit Rules, 2004. The Court remanded the case to the Tribunal for re-adjudication on maintaining separate accounts for dutiable and non-dutiable goods, applying Rule 6(3) of the Cenvat Credit Rules, 2004, and determining liability to pay 10% of the value of certain goods. Both parties agreed to the remand, focusing on specific issues for further consideration without costs. The judgment emphasized adherence to procedural rules and proper application of statutory provisions in Cenvat credit and duty payment matters. Case-Laws Central Excise Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331558