https://www.taxtmi.com/caselaws?id=375217 The Tribunal allowed the appeal filed by the appellant company, setting aside the impugned order regarding the reversal of cenvat credit on worn out Ingot Moulds. The Tribunal held that the requirement to reverse cenvat credit did not apply as the ingot moulds were cleared after being used in the factory, not "as such." Relying on previous court decisions and the interpretation of the term "as such," the Tribunal dismissed the demand, leading to the revocation of the penalty imposed on the Director. en-us Wed, 16 Jan 2019 00:00:00 +0530 Sat, 16 Feb 2019 06:28:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=375217 The Tribunal allowed the appeal filed by the appellant company, setting aside the impugned order regarding the reversal of cenvat credit on worn out Ingot Moulds. The Tribunal held that the requirement to reverse cenvat credit did not apply as the ingot moulds were cleared after being used in the factory, not "as such." Relying on previous court decisions and the interpretation of the term "as such," the Tribunal dismissed the demand, leading to the revocation of the penalty imposed on the Director. Case-Laws Central Excise Wed, 16 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=375217