https://www.taxtmi.com/caselaws?id=333802 The Appellate Tribunal CESTAT Ahmedabad allowed the appeal of Shri Moti Textile Processors regarding the limitation on claiming CENVAT credit for invoices of non-existing suppliers. The Tribunal held that the extended period of limitation could not be invoked in this case, leading to the rejection of the Revenue appeal. Additionally, the Tribunal addressed the penalty reduction appeal, emphasizing the significance of the limitation issue in determining the outcome. Ultimately, the Tribunal's decision favored Shri Moti Textile Processors and upheld the reduction of penalties imposed, highlighting the importance of legal principles and precedents in such cases. en-us Thu, 29 Sep 2016 00:00:00 +0530 Tue, 25 Oct 2016 10:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333802 The Appellate Tribunal CESTAT Ahmedabad allowed the appeal of Shri Moti Textile Processors regarding the limitation on claiming CENVAT credit for invoices of non-existing suppliers. The Tribunal held that the extended period of limitation could not be invoked in this case, leading to the rejection of the Revenue appeal. Additionally, the Tribunal addressed the penalty reduction appeal, emphasizing the significance of the limitation issue in determining the outcome. Ultimately, the Tribunal's decision favored Shri Moti Textile Processors and upheld the reduction of penalties imposed, highlighting the importance of legal principles and precedents in such cases. Case-Laws Central Excise Thu, 29 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333802