https://www.taxtmi.com/caselaws?id=360406 The Tribunal set aside the decision of the original authority, dropping the demand for interest and penalty imposed on the appellant for the reversal of input credit on obsolete raw materials. The Tribunal found that the demand for cenvat credit for inputs with provisions to write off was not sustainable, citing legal precedents and holding that there was no recovery mechanism during the disputed period to recover wrongly taken credit. en-us Tue, 20 Mar 2018 00:00:00 +0530 Thu, 17 May 2018 05:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360406 The Tribunal set aside the decision of the original authority, dropping the demand for interest and penalty imposed on the appellant for the reversal of input credit on obsolete raw materials. The Tribunal found that the demand for cenvat credit for inputs with provisions to write off was not sustainable, citing legal precedents and holding that there was no recovery mechanism during the disputed period to recover wrongly taken credit. Case-Laws Central Excise Tue, 20 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360406