https://www.taxtmi.com/caselaws?id=200293 The Tribunal allowed the appeal, setting aside the disallowance of credit amounting to Rs. 1,21,73,487 and the imposed penalty of Rs. 12,00,000 under Rule 15 (1) of CCE, 2004. The Tribunal held that no reversal of credit under Rule 14 could be ordered when a portion of the consideration was retained by the appellant as a performance guarantee. Relying on a Board's circular and previous decisions, the Tribunal ruled in favor of the appellant, finding the original order unsustainable. en-us Fri, 01 Sep 2017 00:00:00 +0530 Sun, 25 Mar 2018 18:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200293 The Tribunal allowed the appeal, setting aside the disallowance of credit amounting to Rs. 1,21,73,487 and the imposed penalty of Rs. 12,00,000 under Rule 15 (1) of CCE, 2004. The Tribunal held that no reversal of credit under Rule 14 could be ordered when a portion of the consideration was retained by the appellant as a performance guarantee. Relying on a Board's circular and previous decisions, the Tribunal ruled in favor of the appellant, finding the original order unsustainable. Case-Laws Central Excise Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200293