https://www.taxtmi.com/caselaws?id=337274 The Tribunal rejected the Revenue's appeal against the respondent for duty demand on clearances claiming exemption under Notification No. 8/2003-C.E. The Tribunal found that despite a delay, the respondent eventually reversed the Cenvat credit linked to inputs in stock, meeting the requirements of Rule 11(2) of Cenvat Credit Rules. As the Cenvat credit was reversed, the appeal lacked merit, and the decision in favor of the respondent was affirmed. This case emphasizes the importance of adhering to Cenvat credit rules and timely compliance to avoid duty liabilities and interest charges. en-us Fri, 05 Aug 2016 00:00:00 +0530 Fri, 06 Jan 2017 13:39:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337274 The Tribunal rejected the Revenue's appeal against the respondent for duty demand on clearances claiming exemption under Notification No. 8/2003-C.E. The Tribunal found that despite a delay, the respondent eventually reversed the Cenvat credit linked to inputs in stock, meeting the requirements of Rule 11(2) of Cenvat Credit Rules. As the Cenvat credit was reversed, the appeal lacked merit, and the decision in favor of the respondent was affirmed. This case emphasizes the importance of adhering to Cenvat credit rules and timely compliance to avoid duty liabilities and interest charges. Case-Laws Central Excise Fri, 05 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337274