https://www.taxtmi.com/caselaws?id=401897 The Tribunal ruled in favor of the appellant in an appeal against the demand for irregular Cenvat credit availed under Rule 16 of Central Excise Rules, 2002. The appellant, engaged in manufacturing stainless steel products, successfully argued that the goods in question were duty paid, making them eligible for Cenvat credit on goods returned by customers. The Tribunal found the demand for recovery of Cenvat credit unsustainable and rejected the invocation of an extended period of limitation due to the department's prior knowledge of the appellant's activities. The appeal was allowed, granting relief and benefits to the appellant, with the judgment delivered on December 17, 2020. en-us Thu, 17 Dec 2020 00:00:00 +0530 Sat, 19 Dec 2020 06:35:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401897 The Tribunal ruled in favor of the appellant in an appeal against the demand for irregular Cenvat credit availed under Rule 16 of Central Excise Rules, 2002. The appellant, engaged in manufacturing stainless steel products, successfully argued that the goods in question were duty paid, making them eligible for Cenvat credit on goods returned by customers. The Tribunal found the demand for recovery of Cenvat credit unsustainable and rejected the invocation of an extended period of limitation due to the department's prior knowledge of the appellant's activities. The appeal was allowed, granting relief and benefits to the appellant, with the judgment delivered on December 17, 2020. Case-Laws Central Excise Thu, 17 Dec 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401897