https://www.taxtmi.com/caselaws?id=360890 The Tribunal held that the appellant, despite the Supreme Court judgment in Ultratech Cement Ltd, acted in good faith based on the Circular and was entitled to CENVAT Credit for outward transportation during the relevant period. The demand for the extended period was set aside, while the demand for the normal period was upheld. The penalty under Section 11AC was also set aside due to the appellant's lack of mala fide intention. The Tribunal rejected the appellant's argument for adjusting the CENVAT Credit based on the final assessed position of the final product, as no benefit could be derived from it. en-us Wed, 02 May 2018 00:00:00 +0530 Wed, 28 Oct 2020 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360890 The Tribunal held that the appellant, despite the Supreme Court judgment in Ultratech Cement Ltd, acted in good faith based on the Circular and was entitled to CENVAT Credit for outward transportation during the relevant period. The demand for the extended period was set aside, while the demand for the normal period was upheld. The penalty under Section 11AC was also set aside due to the appellant's lack of mala fide intention. The Tribunal rejected the appellant's argument for adjusting the CENVAT Credit based on the final assessed position of the final product, as no benefit could be derived from it. Case-Laws Central Excise Wed, 02 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360890