https://www.taxtmi.com/caselaws?id=356397 The Tribunal set aside the confirmation of recovery of demand and imposition of penalty under rule 15 of CENVAT Credit Rules, 2004 and Central Excise Act, 1944. The appellant's liability was calculated erroneously based on the value of goods cleared for trading, rather than the value of the service alone, resulting in an unsustainable recovery and penalty. The reversal of CENVAT credit for the exempt activity was deemed equivalent to non-availment, leading to the decision that the recovery and penalty were legally unsustainable. Judgment was pronounced on 29/01/2018. en-us Mon, 29 Jan 2018 00:00:00 +0530 Tue, 06 Mar 2018 06:31:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356397 The Tribunal set aside the confirmation of recovery of demand and imposition of penalty under rule 15 of CENVAT Credit Rules, 2004 and Central Excise Act, 1944. The appellant's liability was calculated erroneously based on the value of goods cleared for trading, rather than the value of the service alone, resulting in an unsustainable recovery and penalty. The reversal of CENVAT credit for the exempt activity was deemed equivalent to non-availment, leading to the decision that the recovery and penalty were legally unsustainable. Judgment was pronounced on 29/01/2018. Case-Laws Central Excise Mon, 29 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356397