https://www.taxtmi.com/caselaws?id=364839 The Tribunal accepted the appellant's proportionate reversal of SAD credits based on imported and locally procured wire bars quantities. The voluntary reversal before the show cause notice demonstrated compliance with Cenvat Credit Rules. The amount reversed, along with interest, met the credit demand, leading to no penalty imposition. The Tribunal modified the order, acknowledging the reversal of &8377; 2,25,33,782/- for input sales and interest payment of &8377; 54,06,579/- as compliant with Cenvat Credit Rules, 2004, and disposed of the appeal accordingly. en-us Tue, 10 Jul 2018 00:00:00 +0530 Mon, 06 Aug 2018 07:59:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364839 The Tribunal accepted the appellant's proportionate reversal of SAD credits based on imported and locally procured wire bars quantities. The voluntary reversal before the show cause notice demonstrated compliance with Cenvat Credit Rules. The amount reversed, along with interest, met the credit demand, leading to no penalty imposition. The Tribunal modified the order, acknowledging the reversal of &8377; 2,25,33,782/- for input sales and interest payment of &8377; 54,06,579/- as compliant with Cenvat Credit Rules, 2004, and disposed of the appeal accordingly. Case-Laws Central Excise Tue, 10 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364839