https://www.taxtmi.com/caselaws?id=345219 CENVAT credit liability could not be sustained merely on a presumption of post-omission utilisation of balance credit after Rule 12B of the Central Excise Rules, 2002 ceased to operate from 9 July 2004. The record showed no actual utilisation of credit after that date, so the duty demand lacked evidentiary support. As the basic demand itself was unsupported, the consequential levy of interest and penalty also could not survive. The demand, interest and penalty were therefore set aside. en-us Tue, 23 May 2017 00:00:00 +0530 Wed, 12 Jul 2017 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345219 CENVAT credit liability could not be sustained merely on a presumption of post-omission utilisation of balance credit after Rule 12B of the Central Excise Rules, 2002 ceased to operate from 9 July 2004. The record showed no actual utilisation of credit after that date, so the duty demand lacked evidentiary support. As the basic demand itself was unsupported, the consequential levy of interest and penalty also could not survive. The demand, interest and penalty were therefore set aside. Case-Laws Central Excise Tue, 23 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345219