https://www.taxtmi.com/caselaws?id=352816 The tribunal upheld the demand for cenvat credit reversal and penalties imposed on the appellants for availing cenvat credit on capital goods, not returning them within 180 days as required by Rule 4(5)(a) of the Cenvat Credit Rules. Despite the appellant's argument on the rule's applicability and intention behind removal, the tribunal found non-compliance with the return timeframe, justifying the demand. The tribunal emphasized the importance of adhering to the rules and dismissed the appeals, affirming the penalties and credit reversal. en-us Fri, 27 Oct 2017 00:00:00 +0530 Fri, 22 Dec 2017 08:08:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352816 The tribunal upheld the demand for cenvat credit reversal and penalties imposed on the appellants for availing cenvat credit on capital goods, not returning them within 180 days as required by Rule 4(5)(a) of the Cenvat Credit Rules. Despite the appellant's argument on the rule's applicability and intention behind removal, the tribunal found non-compliance with the return timeframe, justifying the demand. The tribunal emphasized the importance of adhering to the rules and dismissed the appeals, affirming the penalties and credit reversal. Case-Laws Central Excise Fri, 27 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352816