https://www.taxtmi.com/caselaws?id=355191 The appeal by M/s BASF India Ltd against the demand of duty, interest, and penalty for incorrect availment of CENVAT credit under notification no. 6/2006 and rule 6(3) of CENVAT Credit Rules, 2004 was allowed. The judgment referenced a High Court decision emphasizing that in cases of credit reversal without actual outflow of funds, there is no demand for duty as there is no unjust enrichment. The appeal was granted, setting aside the demand for duty, interest, and penalty based on the legal principles outlined by the High Court. en-us Fri, 15 Sep 2017 00:00:00 +0530 Mon, 12 Feb 2018 07:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355191 The appeal by M/s BASF India Ltd against the demand of duty, interest, and penalty for incorrect availment of CENVAT credit under notification no. 6/2006 and rule 6(3) of CENVAT Credit Rules, 2004 was allowed. The judgment referenced a High Court decision emphasizing that in cases of credit reversal without actual outflow of funds, there is no demand for duty as there is no unjust enrichment. The appeal was granted, setting aside the demand for duty, interest, and penalty based on the legal principles outlined by the High Court. Case-Laws Central Excise Fri, 15 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355191