https://www.taxtmi.com/caselaws?id=416692 The Tribunal set aside the department's order demanding recovery of allegedly short-reversed CENVAT credit on inputs and input services used for manufacturing sponge iron and electricity sold externally. The Tribunal ruled in favor of the appellant, emphasizing the correct application of Rule 6 of the CENVAT Credit Rules, 2004. It held that only common inputs used for electricity generation and sales should be considered for credit reversal, not the total inputs used for both products. The judgment highlighted the importance of accurately calculating CENVAT Credit for inputs and input services in such scenarios. en-us Tue, 04 Jan 2022 00:00:00 +0530 Thu, 06 Jan 2022 10:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416692 The Tribunal set aside the department's order demanding recovery of allegedly short-reversed CENVAT credit on inputs and input services used for manufacturing sponge iron and electricity sold externally. The Tribunal ruled in favor of the appellant, emphasizing the correct application of Rule 6 of the CENVAT Credit Rules, 2004. It held that only common inputs used for electricity generation and sales should be considered for credit reversal, not the total inputs used for both products. The judgment highlighted the importance of accurately calculating CENVAT Credit for inputs and input services in such scenarios. Case-Laws Central Excise Tue, 04 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416692