https://www.taxtmi.com/caselaws?id=377573 The appeal was disposed of by modifying the impugned order to set aside the interest due to the dropped demand, while upholding the penalty imposed under Section 11 AC read with CCR 2004. The appellant's claim for both CENVAT credit and depreciation on the same goods was found unsustainable, leading to the rejection of the appeal. The Tribunal emphasized the disentitlement to credit under Rule 4(4) of CCR 2004 once depreciation is claimed, irrespective of subsequent revisions in the depreciation claim. en-us Mon, 25 Mar 2019 00:00:00 +0530 Fri, 20 Feb 2026 17:19:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377573 The appeal was disposed of by modifying the impugned order to set aside the interest due to the dropped demand, while upholding the penalty imposed under Section 11 AC read with CCR 2004. The appellant's claim for both CENVAT credit and depreciation on the same goods was found unsustainable, leading to the rejection of the appeal. The Tribunal emphasized the disentitlement to credit under Rule 4(4) of CCR 2004 once depreciation is claimed, irrespective of subsequent revisions in the depreciation claim. Case-Laws Central Excise Mon, 25 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377573