https://www.taxtmi.com/caselaws?id=335745 The appellate tribunal ruled in favor of the appellant company in a case involving the availment of CENVAT Credit on inputs cleared to a sister concern due to delays in commercial production. The tribunal found that the inputs were cleared with proper documentation and reversal of credit as per CENVAT Credit Rules, leading to the setting aside of the demand for credit recovery. Additionally, the penalty imposed on the director of the company was revoked, as the tribunal determined that it was not justified based on the evidence presented and compliance with excise rules. en-us Fri, 14 Oct 2016 00:00:00 +0530 Tue, 04 Apr 2017 12:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335745 The appellate tribunal ruled in favor of the appellant company in a case involving the availment of CENVAT Credit on inputs cleared to a sister concern due to delays in commercial production. The tribunal found that the inputs were cleared with proper documentation and reversal of credit as per CENVAT Credit Rules, leading to the setting aside of the demand for credit recovery. Additionally, the penalty imposed on the director of the company was revoked, as the tribunal determined that it was not justified based on the evidence presented and compliance with excise rules. Case-Laws Central Excise Fri, 14 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335745