https://www.taxtmi.com/caselaws?id=338360 The Tribunal allowed the appeal partially, ruling in favor of the appellants regarding the recovery of cenvat credit on written-off stock. The Tribunal found that the balance sheet entries indicated a partial write-off, not a full write-off, before 1.3.2011. Consequently, the appellants were not required to pay the full cenvat credit amount. The Tribunal reversed a portion of the amount and deemed the penalty imposed unsustainable, setting it aside. The recovery of interest was limited, and the penalty under the Cenvat Credit Rules was also overturned. en-us Fri, 18 Nov 2016 00:00:00 +0530 Thu, 02 Feb 2017 12:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338360 The Tribunal allowed the appeal partially, ruling in favor of the appellants regarding the recovery of cenvat credit on written-off stock. The Tribunal found that the balance sheet entries indicated a partial write-off, not a full write-off, before 1.3.2011. Consequently, the appellants were not required to pay the full cenvat credit amount. The Tribunal reversed a portion of the amount and deemed the penalty imposed unsustainable, setting it aside. The recovery of interest was limited, and the penalty under the Cenvat Credit Rules was also overturned. Case-Laws Central Excise Fri, 18 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338360