https://www.taxtmi.com/caselaws?id=272944 The Rajasthan High Court upheld the decision of the Tribunal and the Commissioner (Appeals) in a case concerning the reversal of Cenvat credit on an exempted final product. The Court emphasized that once the reversal had been made, no penalty could be imposed, following established legal principles and precedents. The appeal was dismissed for lacking merit based on the timing of the reversal of Cenvat credit, regardless of the notice to show cause issued. en-us Tue, 07 Feb 2017 00:00:00 +0530 Sat, 26 May 2018 07:18:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272944 The Rajasthan High Court upheld the decision of the Tribunal and the Commissioner (Appeals) in a case concerning the reversal of Cenvat credit on an exempted final product. The Court emphasized that once the reversal had been made, no penalty could be imposed, following established legal principles and precedents. The appeal was dismissed for lacking merit based on the timing of the reversal of Cenvat credit, regardless of the notice to show cause issued. Case-Laws Central Excise Tue, 07 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272944