https://www.taxtmi.com/caselaws?id=350403 Rule 6(6) of the Cenvat Credit Rules, 2004 grants a narrow credit-reversal exception and applies only when clearances fall strictly within the specified statutory categories. Clearances made under Notification No. 12/2012-Central Excise were found not to satisfy the relevant exclusion for power project supplies, so reversal of credit was sustained on merits. The Tribunal also held that disclosure in ER-1 returns did not amount to full disclosure of the material facts needed to test the exception, so the extended limitation period was available. The demand and consequential action were therefore upheld. en-us Fri, 27 Oct 2017 00:00:00 +0530 Mon, 27 Nov 2017 18:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350403 Rule 6(6) of the Cenvat Credit Rules, 2004 grants a narrow credit-reversal exception and applies only when clearances fall strictly within the specified statutory categories. Clearances made under Notification No. 12/2012-Central Excise were found not to satisfy the relevant exclusion for power project supplies, so reversal of credit was sustained on merits. The Tribunal also held that disclosure in ER-1 returns did not amount to full disclosure of the material facts needed to test the exception, so the extended limitation period was available. The demand and consequential action were therefore upheld. Case-Laws Central Excise Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350403