https://www.taxtmi.com/caselaws?id=366202 The Tribunal upheld the Department's demand for CENVAT credit reversal and penalties, dismissing the appeal. It ruled that goods procured from sister units and sold should be considered trading, requiring credit reversal under Rule 6(3A). The appellant's argument on trading activities with sister units was rejected, emphasizing compliance with CENVAT Credit Rules and the need for full disclosure. The decision highlighted adherence to legal precedents and fiscal statutes, underscoring the importance of following the specified provisions for credit reversal. en-us Tue, 28 Aug 2018 00:00:00 +0530 Fri, 31 Aug 2018 07:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=366202 The Tribunal upheld the Department's demand for CENVAT credit reversal and penalties, dismissing the appeal. It ruled that goods procured from sister units and sold should be considered trading, requiring credit reversal under Rule 6(3A). The appellant's argument on trading activities with sister units was rejected, emphasizing compliance with CENVAT Credit Rules and the need for full disclosure. The decision highlighted adherence to legal precedents and fiscal statutes, underscoring the importance of following the specified provisions for credit reversal. Case-Laws Central Excise Tue, 28 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=366202