https://www.taxtmi.com/caselaws?id=425423 The Tribunal ruled in favor of the assessees, allowing them to claim Cenvat credit on the 2% Countervailing Duty (CVD) paid on imported steam coal under Notification No. 12/2012-Cus. The Tribunal held that the Cenvat credit was admissible as there was no bar in respect of CVD paid under Customs Notification No. 12/2012-Cus, rejecting the Revenue's argument that the duty paid did not align with specified rates under the Central Excise Tariff Act, 1985. The Tribunal clarified that the restriction in Rule 3(1)(i) of the Cenvat Credit Rules did not apply to CVD paid under the Customs notification, leading to the dismissal of the Revenue's appeals. en-us Thu, 21 Jul 2022 00:00:00 +0530 Sat, 23 Jul 2022 09:01:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425423 The Tribunal ruled in favor of the assessees, allowing them to claim Cenvat credit on the 2% Countervailing Duty (CVD) paid on imported steam coal under Notification No. 12/2012-Cus. The Tribunal held that the Cenvat credit was admissible as there was no bar in respect of CVD paid under Customs Notification No. 12/2012-Cus, rejecting the Revenue's argument that the duty paid did not align with specified rates under the Central Excise Tariff Act, 1985. The Tribunal clarified that the restriction in Rule 3(1)(i) of the Cenvat Credit Rules did not apply to CVD paid under the Customs notification, leading to the dismissal of the Revenue's appeals. Case-Laws Central Excise Thu, 21 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425423