https://www.taxtmi.com/caselaws?id=386065 A small excess CENVAT credit arising from a bona fide formula error under Rule 3(7)(a) did not justify invocation of the extended limitation period, as suppression with intent to evade was not established. Interest remained payable on wrongly availed credit even though it was reversed before utilisation, but penalty was not sustained on the facts after reversal. The expression "additional duty of customs" in Rule 3(1) and Rule 3(7)(a) was read broadly to include SAD under section 3(5) of the Customs Tariff Act, 1975, so credit was admissible even for the period prior to 07.09.2009. en-us Wed, 19 Jun 2019 00:00:00 +0530 Fri, 09 Sep 2022 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386065 A small excess CENVAT credit arising from a bona fide formula error under Rule 3(7)(a) did not justify invocation of the extended limitation period, as suppression with intent to evade was not established. Interest remained payable on wrongly availed credit even though it was reversed before utilisation, but penalty was not sustained on the facts after reversal. The expression "additional duty of customs" in Rule 3(1) and Rule 3(7)(a) was read broadly to include SAD under section 3(5) of the Customs Tariff Act, 1975, so credit was admissible even for the period prior to 07.09.2009. Case-Laws Central Excise Wed, 19 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386065