https://www.taxtmi.com/caselaws?id=359380 The Tribunal ruled in favor of the appellant, a manufacturer, in a dispute over availing CENVAT credit on imported GI wires. The Tribunal classified the appellant's actions as manufacturing, aligning with legal precedents. It held that the duty paid equated to the credit availed, reversing the entire CENVAT credit amount in favor of the appellant. The Tribunal clarified that interest payment was required only on the amount paid during the first appellate authority proceedings. Despite finding contravention of rules, the Tribunal imposed a penalty of Rs. 50,000, concluding the matter. en-us Wed, 14 Mar 2018 00:00:00 +0530 Wed, 25 Apr 2018 07:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359380 The Tribunal ruled in favor of the appellant, a manufacturer, in a dispute over availing CENVAT credit on imported GI wires. The Tribunal classified the appellant's actions as manufacturing, aligning with legal precedents. It held that the duty paid equated to the credit availed, reversing the entire CENVAT credit amount in favor of the appellant. The Tribunal clarified that interest payment was required only on the amount paid during the first appellate authority proceedings. Despite finding contravention of rules, the Tribunal imposed a penalty of Rs. 50,000, concluding the matter. Case-Laws Central Excise Wed, 14 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359380