https://www.taxtmi.com/caselaws?id=365977 CENVAT credit reversed before issuance of the show cause notice could not support recovery or penalty on the stated facts. The analysis applied precedents recognising that, once the disputed credit stood reversed pre-notice, there was no sustainable basis for a demand or penal action. The demand and penalty were therefore treated as unsustainable. en-us Mon, 20 Aug 2018 00:00:00 +0530 Tue, 28 Aug 2018 08:19:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365977 CENVAT credit reversed before issuance of the show cause notice could not support recovery or penalty on the stated facts. The analysis applied precedents recognising that, once the disputed credit stood reversed pre-notice, there was no sustainable basis for a demand or penal action. The demand and penalty were therefore treated as unsustainable. Case-Laws Central Excise Mon, 20 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365977