https://www.taxtmi.com/caselaws?id=368923 The Tribunal allowed the appeal in a case concerning the availment of Cenvat credit on surplus electricity generated and wheeled out. The Tribunal set aside the order confirming a specific amount and imposing a penalty under Rule 15 of Cenvat Credit Rules, 2004. It was established that Cenvat credit attributable to electricity wheeled out from the factory would not be available, emphasizing the need to determine the quantity of electricity wheeled out. The Tribunal also concluded that Rule 6 of Cenvat Credit Rules, 2004 did not apply to the electricity wheeled out, necessitating a proportionate adjustment and reversal of credit. Penalties imposed under Rule 15 were revoked in alignment with the decision to allow the appeal. en-us Wed, 29 Aug 2018 00:00:00 +0530 Tue, 16 Oct 2018 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368923 The Tribunal allowed the appeal in a case concerning the availment of Cenvat credit on surplus electricity generated and wheeled out. The Tribunal set aside the order confirming a specific amount and imposing a penalty under Rule 15 of Cenvat Credit Rules, 2004. It was established that Cenvat credit attributable to electricity wheeled out from the factory would not be available, emphasizing the need to determine the quantity of electricity wheeled out. The Tribunal also concluded that Rule 6 of Cenvat Credit Rules, 2004 did not apply to the electricity wheeled out, necessitating a proportionate adjustment and reversal of credit. Penalties imposed under Rule 15 were revoked in alignment with the decision to allow the appeal. Case-Laws Central Excise Wed, 29 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368923