https://www.taxtmi.com/caselaws?id=442253 The appellant complied with the direction to reverse the proportionate Cenvat credit on common input services and pay interest. The department sought a penalty for irregular credit availment, which the appellant contested. Despite the reversal, a demand was made for a percentage of the value of exempted goods, which the tribunal deemed unsustainable. The tribunal found the demand time-barred and unsupported by evidence of suppression of facts. The appellant's compliance with the credit reversal and interest was deemed sufficient, and the demand for a percentage of exempted goods was set aside. The case was remanded for further verification and a fresh order. en-us Fri, 25 Aug 2023 00:00:00 +0530 Sun, 27 Aug 2023 22:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442253 The appellant complied with the direction to reverse the proportionate Cenvat credit on common input services and pay interest. The department sought a penalty for irregular credit availment, which the appellant contested. Despite the reversal, a demand was made for a percentage of the value of exempted goods, which the tribunal deemed unsustainable. The tribunal found the demand time-barred and unsupported by evidence of suppression of facts. The appellant's compliance with the credit reversal and interest was deemed sufficient, and the demand for a percentage of exempted goods was set aside. The case was remanded for further verification and a fresh order. Case-Laws Central Excise Fri, 25 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442253