https://www.taxtmi.com/caselaws?id=420809 The appellant, engaged in manufacturing pharmaceutical goods, reversed the Cenvat Credit attributed to exempted goods without filing a declaration for opting for proportionate reversal of credit. The Revenue demanded payment, citing non-compliance with rules. The appellant argued that the procedural lapse should be condoned as they had reversed the credit and paid interest. The Member (Judicial) found in favor of the appellant, stating that once the credit was reversed, the Revenue could not insist on another option. The non-filing of the declaration should not invalidate the appellant's choice for reversal. The appeal was allowed in favor of the appellant. en-us Tue, 05 Apr 2022 00:00:00 +0530 Mon, 11 Apr 2022 08:40:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420809 The appellant, engaged in manufacturing pharmaceutical goods, reversed the Cenvat Credit attributed to exempted goods without filing a declaration for opting for proportionate reversal of credit. The Revenue demanded payment, citing non-compliance with rules. The appellant argued that the procedural lapse should be condoned as they had reversed the credit and paid interest. The Member (Judicial) found in favor of the appellant, stating that once the credit was reversed, the Revenue could not insist on another option. The non-filing of the declaration should not invalidate the appellant's choice for reversal. The appeal was allowed in favor of the appellant. Case-Laws Central Excise Tue, 05 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420809