https://www.taxtmi.com/caselaws?id=369402 Cenvat credit reversal was examined under Rule 3(5) of the Cenvat Credit Rules, 2004, read with Notification No. 22/2003-CE, where inputs were cleared as such to 100% EOU/STP units. The Tribunal applied the later High Court interpretation of Rule 3(5) pari materia and noted that the rule covered such clearances without confining relief by reference to the procurement route assumed by the department. On that basis, it held that the assessee was not required to pay duty equal to the credit availed merely because the inputs were cleared to EOU/STP units. The demand for reversal/payment of credit was therefore unsustainable. en-us Thu, 25 Oct 2018 00:00:00 +0530 Sat, 27 Oct 2018 07:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369402 Cenvat credit reversal was examined under Rule 3(5) of the Cenvat Credit Rules, 2004, read with Notification No. 22/2003-CE, where inputs were cleared as such to 100% EOU/STP units. The Tribunal applied the later High Court interpretation of Rule 3(5) pari materia and noted that the rule covered such clearances without confining relief by reference to the procurement route assumed by the department. On that basis, it held that the assessee was not required to pay duty equal to the credit availed merely because the inputs were cleared to EOU/STP units. The demand for reversal/payment of credit was therefore unsustainable. Case-Laws Central Excise Thu, 25 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369402