https://www.taxtmi.com/caselaws?id=371773 The Tribunal allowed the appeal against the confirmation of demand for reversal of cenvat credit, interest, and penalty. The decision was based on the principles established by the Hon'ble Gujarat High Court, which clarified that under the modvat scheme, the cost of inputs should be included in the modvat of the final product, allowing for credit at the time of final product clearance. The Tribunal rejected the Revenue's argument that the appellant should have reversed the credit before sending goods to the job worker. This ruling indirectly addressed the imposition of penalty and likely had implications for interest calculations related to the cenvat credit reversal. en-us Sat, 06 Oct 2018 00:00:00 +0530 Tue, 11 Dec 2018 06:30:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371773 The Tribunal allowed the appeal against the confirmation of demand for reversal of cenvat credit, interest, and penalty. The decision was based on the principles established by the Hon'ble Gujarat High Court, which clarified that under the modvat scheme, the cost of inputs should be included in the modvat of the final product, allowing for credit at the time of final product clearance. The Tribunal rejected the Revenue's argument that the appellant should have reversed the credit before sending goods to the job worker. This ruling indirectly addressed the imposition of penalty and likely had implications for interest calculations related to the cenvat credit reversal. Case-Laws Central Excise Sat, 06 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371773