https://www.taxtmi.com/caselaws?id=423695 The Tribunal ruled in favor of the appellants, holding that they were not liable to pay Cenvat credit for electricity sold with exempted goods as electricity does not qualify as excisable goods. The Tribunal also determined that the electricity generated did not meet the criteria for excisable goods classification. Additionally, the appellants had already reversed Cenvat credit for the sold electricity as per Rule 6 of CCR, 2004, making further reversal unnecessary. The Tribunal found the invocation of the extended period of limitation and penalty imposition unjustified due to no suppression of facts, ultimately allowing the appeal and setting aside the challenged order. en-us Fri, 10 Jun 2022 00:00:00 +0530 Mon, 06 Feb 2023 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423695 The Tribunal ruled in favor of the appellants, holding that they were not liable to pay Cenvat credit for electricity sold with exempted goods as electricity does not qualify as excisable goods. The Tribunal also determined that the electricity generated did not meet the criteria for excisable goods classification. Additionally, the appellants had already reversed Cenvat credit for the sold electricity as per Rule 6 of CCR, 2004, making further reversal unnecessary. The Tribunal found the invocation of the extended period of limitation and penalty imposition unjustified due to no suppression of facts, ultimately allowing the appeal and setting aside the challenged order. Case-Laws Central Excise Fri, 10 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423695