https://www.taxtmi.com/caselaws?id=357952 The case involved a dispute regarding the denial of cenvat credit under Rule 16(2) of the Central Excise Rules, 2002 for returned goods sold as scrap. The appellant's contention against the denial of credit under Rule 16(1) was challenged by the revenue, leading to conflicting decisions within the Tribunal. To resolve the issue, the matter was referred to a Larger Bench to determine whether the assessee is required to reverse cenvat credit on goods returned as scrap. This decision aimed to address the inconsistency in Tribunal rulings and provide clarity on the interpretation of Rule 16(2) for future cases. en-us Fri, 23 Feb 2018 00:00:00 +0530 Mon, 04 Mar 2019 12:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357952 The case involved a dispute regarding the denial of cenvat credit under Rule 16(2) of the Central Excise Rules, 2002 for returned goods sold as scrap. The appellant's contention against the denial of credit under Rule 16(1) was challenged by the revenue, leading to conflicting decisions within the Tribunal. To resolve the issue, the matter was referred to a Larger Bench to determine whether the assessee is required to reverse cenvat credit on goods returned as scrap. This decision aimed to address the inconsistency in Tribunal rulings and provide clarity on the interpretation of Rule 16(2) for future cases. Case-Laws Central Excise Fri, 23 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357952