https://www.taxtmi.com/caselaws?id=378886 The Tribunal set aside the orders disallowing Cenvat credit on inputs and imposing penalties under Rule 15(2) of the Cenvat Credit Rules, 2004. The appellant, a spare parts manufacturer, argued that process loss is inherent in their manufacturing process, supported by evidence of minimal duty amount compared to overall loss. The Tribunal found the credit reversal demand erroneous, considering some loss inevitable for meeting specifications. Consequently, recovery, interest, and penalties were dismissed, and the appellant's appeal was allowed. en-us Wed, 08 Aug 2018 00:00:00 +0530 Wed, 24 Apr 2019 09:08:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378886 The Tribunal set aside the orders disallowing Cenvat credit on inputs and imposing penalties under Rule 15(2) of the Cenvat Credit Rules, 2004. The appellant, a spare parts manufacturer, argued that process loss is inherent in their manufacturing process, supported by evidence of minimal duty amount compared to overall loss. The Tribunal found the credit reversal demand erroneous, considering some loss inevitable for meeting specifications. Consequently, recovery, interest, and penalties were dismissed, and the appellant's appeal was allowed. Case-Laws Central Excise Wed, 08 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378886