https://www.taxtmi.com/caselaws?id=438573 The court held that the appellant was liable to reverse Cenvat credit under Rule 6(3) of CCR for the unsold area post-occupation certificate, as it became an exempted activity. The court upheld the department's method of calculating the reversal amount and adjusted the penalty to match the demand raised in the show cause notice, reducing it to Rs. 21,33,150/-. The appeal was allowed in part, setting aside the impugned order but maintaining the reversal of Rs. 10,13,174/- already admitted and reversed by the appellant. en-us Thu, 06 Apr 2023 00:00:00 +0530 Sun, 04 Jun 2023 21:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438573 The court held that the appellant was liable to reverse Cenvat credit under Rule 6(3) of CCR for the unsold area post-occupation certificate, as it became an exempted activity. The court upheld the department's method of calculating the reversal amount and adjusted the penalty to match the demand raised in the show cause notice, reducing it to Rs. 21,33,150/-. The appeal was allowed in part, setting aside the impugned order but maintaining the reversal of Rs. 10,13,174/- already admitted and reversed by the appellant. Case-Laws Service Tax Thu, 06 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438573