https://www.taxtmi.com/caselaws?id=380452 The Tribunal allowed the appeals of the appellants, who were engaged in the manufacture of Sponge Iron, in a case involving differential duty and CENVAT credit. The Tribunal ruled that the appellants were entitled to the CENVAT credit of duty paid on imported goods under re-assessment, emphasizing that there was no suppression or fraud in availing the credit. It held that Rule 9(1)(b) of CCR, 2004 was not applicable in this re-assessment scenario and that no penalty could be imposed for duty evasion. The impugned orders were set aside, granting relief to the appellants. en-us Fri, 17 May 2019 00:00:00 +0530 Tue, 21 May 2019 12:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380452 The Tribunal allowed the appeals of the appellants, who were engaged in the manufacture of Sponge Iron, in a case involving differential duty and CENVAT credit. The Tribunal ruled that the appellants were entitled to the CENVAT credit of duty paid on imported goods under re-assessment, emphasizing that there was no suppression or fraud in availing the credit. It held that Rule 9(1)(b) of CCR, 2004 was not applicable in this re-assessment scenario and that no penalty could be imposed for duty evasion. The impugned orders were set aside, granting relief to the appellants. Case-Laws Central Excise Fri, 17 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380452