https://www.taxtmi.com/caselaws?id=383322 The High Court upheld the interpretation of the Cenvat Credit Rules, 2004, emphasizing the need for refund if an assessee is not required to reverse credit on valid input services. The Court dismissed the Revenue's appeal challenging the validity of the CESTAT's order, citing a previous case that established the inadmissibility of Revenue retaining reversed credit amounts. The Court found consistency with the precedent set in the case of Principal Commissioner vs. M/s Alembic Ltd, leading to the dismissal of the appeal and connected civil application. en-us Thu, 18 Jul 2019 00:00:00 +0530 Sun, 21 Jul 2019 07:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383322 The High Court upheld the interpretation of the Cenvat Credit Rules, 2004, emphasizing the need for refund if an assessee is not required to reverse credit on valid input services. The Court dismissed the Revenue's appeal challenging the validity of the CESTAT's order, citing a previous case that established the inadmissibility of Revenue retaining reversed credit amounts. The Court found consistency with the precedent set in the case of Principal Commissioner vs. M/s Alembic Ltd, leading to the dismissal of the appeal and connected civil application. Case-Laws Service Tax Thu, 18 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383322