https://www.taxtmi.com/caselaws?id=377720 The Tribunal found that the appellant did not avail Cenvat credit on capital goods acquired before the modvat scheme was in operation. As a result, Rule 3(5A) of Cenvat Credit Rules, 2004 was deemed inapplicable. The demand to reverse the credit was set aside, and no penalty was imposed. The appeal was allowed with consequential relief, emphasizing the importance of proving Cenvat credit availed on capital goods and the burden of proof on the Revenue. This case sets a precedent for similar matters involving the reversal of Cenvat credit under Rule 3(5A) of Cenvat Credit Rules, 2004. en-us Wed, 06 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 06:17:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377720 The Tribunal found that the appellant did not avail Cenvat credit on capital goods acquired before the modvat scheme was in operation. As a result, Rule 3(5A) of Cenvat Credit Rules, 2004 was deemed inapplicable. The demand to reverse the credit was set aside, and no penalty was imposed. The appeal was allowed with consequential relief, emphasizing the importance of proving Cenvat credit availed on capital goods and the burden of proof on the Revenue. This case sets a precedent for similar matters involving the reversal of Cenvat credit under Rule 3(5A) of Cenvat Credit Rules, 2004. Case-Laws Central Excise Wed, 06 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377720