https://www.taxtmi.com/caselaws?id=388235 The Tribunal held that the assessee was not required to reverse the CENVAT Credit in its closing stock of inputs and final goods as on 31.03.2005. The demand for reversal was based on the appellant's shift from the CENVAT scheme to exemption under Notification No. 08/2003-C.E. The Tribunal referenced legal precedents, including the Supreme Court decision in Collector of Central Excise, Pune Vs. M/s. Dai Ichi Karkaria Ltd., and concluded that the appellant had complied with the rules. The Tribunal also rejected the Revenue's claim of suppression due to lack of new evidence and set aside the demand, allowing the appeal with consequential benefits. en-us Fri, 08 Nov 2019 00:00:00 +0530 Tue, 12 Nov 2019 06:31:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388235 The Tribunal held that the assessee was not required to reverse the CENVAT Credit in its closing stock of inputs and final goods as on 31.03.2005. The demand for reversal was based on the appellant's shift from the CENVAT scheme to exemption under Notification No. 08/2003-C.E. The Tribunal referenced legal precedents, including the Supreme Court decision in Collector of Central Excise, Pune Vs. M/s. Dai Ichi Karkaria Ltd., and concluded that the appellant had complied with the rules. The Tribunal also rejected the Revenue's claim of suppression due to lack of new evidence and set aside the demand, allowing the appeal with consequential benefits. Case-Laws Central Excise Fri, 08 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388235