https://www.taxtmi.com/caselaws?id=389723 The tribunal found in favor of the appellant, ruling that the 6% demand under Rule 6(3) for trading turnover was unsustainable. It was established that the appellant had reversed the Cenvat Credit and interest for the trading activity post the Show Cause Notice adjudication, rendering the demand inadmissible. The tribunal referenced previous cases and legal interpretations supporting the appellant's position, ultimately setting aside the impugned order and allowing the appeal with consequential relief. The revenue was granted the opportunity to verify the credit reversal and interest payment, with the option to seek restoration of the appeal if discrepancies were discovered. en-us Mon, 11 Nov 2019 00:00:00 +0530 Mon, 16 Dec 2019 09:48:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389723 The tribunal found in favor of the appellant, ruling that the 6% demand under Rule 6(3) for trading turnover was unsustainable. It was established that the appellant had reversed the Cenvat Credit and interest for the trading activity post the Show Cause Notice adjudication, rendering the demand inadmissible. The tribunal referenced previous cases and legal interpretations supporting the appellant's position, ultimately setting aside the impugned order and allowing the appeal with consequential relief. The revenue was granted the opportunity to verify the credit reversal and interest payment, with the option to seek restoration of the appeal if discrepancies were discovered. Case-Laws Central Excise Mon, 11 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389723