https://www.taxtmi.com/caselaws?id=341354 Rule 11 of the Cenvat Credit Rules, 2004 provides for lapse of the balance credit when an assessee opts for small scale exemption, after reversal of credit relatable to stock on the date of opting. The assessee also contended that paper cess paid under Section 9 of the Industries (Development and Regulation) Act, 1951 was duty of excise and that the final product was not fully exempted, but this plea had not been examined by the lower authorities. Limitation likewise required verification from returns and other statutory records. The matter was remanded for fresh consideration of the additional plea, limitation, and the consequential penalty issue. en-us Tue, 25 Oct 2016 00:00:00 +0530 Fri, 07 Apr 2017 08:04:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341354 Rule 11 of the Cenvat Credit Rules, 2004 provides for lapse of the balance credit when an assessee opts for small scale exemption, after reversal of credit relatable to stock on the date of opting. The assessee also contended that paper cess paid under Section 9 of the Industries (Development and Regulation) Act, 1951 was duty of excise and that the final product was not fully exempted, but this plea had not been examined by the lower authorities. Limitation likewise required verification from returns and other statutory records. The matter was remanded for fresh consideration of the additional plea, limitation, and the consequential penalty issue. Case-Laws Central Excise Tue, 25 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341354