https://www.taxtmi.com/caselaws?id=374061 The Tribunal allowed the appeal, setting aside the Order-in-Original that reversed CENVAT Credit on inputs used for purposes other than final product manufacture. It held that the appellant's reversal under Rule 3(5) was not wrongful, rejecting the imposition of interest and penalty under Rule 14 and Rule 15 of CCR 2004. The Tribunal emphasized the importance of correctly interpreting Rule 3(5) and proportionate credit reversal for inputs removed for other purposes, ultimately ruling in favor of the appellant. en-us Tue, 08 Jan 2019 00:00:00 +0530 Fri, 25 Jan 2019 09:03:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374061 The Tribunal allowed the appeal, setting aside the Order-in-Original that reversed CENVAT Credit on inputs used for purposes other than final product manufacture. It held that the appellant's reversal under Rule 3(5) was not wrongful, rejecting the imposition of interest and penalty under Rule 14 and Rule 15 of CCR 2004. The Tribunal emphasized the importance of correctly interpreting Rule 3(5) and proportionate credit reversal for inputs removed for other purposes, ultimately ruling in favor of the appellant. Case-Laws Central Excise Tue, 08 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374061