https://www.taxtmi.com/highlights?id=72894 Denial of CENVAT Credit - It is on record that the credit had been reversed well before issue of notice. There was, thus, no cause to initiate proceedings under rule 14 of CENVAT Credit Rules, 2004; it would appear that absurdity of ‘appropriating’ credit already reversed, and not restorable without prior approval from jurisdictional central excise authorities, does not seem have occurred to the adjudicating authority as an exercise in futility. - AT en-us Sat, 04 Nov 2023 22:13:11 +0530 Sat, 04 Nov 2023 22:13:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72894 Denial of CENVAT Credit - It is on record that the credit had been reversed well before issue of notice. There was, thus, no cause to initiate proceedings under rule 14 of CENVAT Credit Rules, 2004; it would appear that absurdity of ‘appropriating’ credit already reversed, and not restorable without prior approval from jurisdictional central excise authorities, does not seem have occurred to the adjudicating authority as an exercise in futility. - AT Highlights Central Excise Sat, 04 Nov 2023 22:13:11 +0530 https://www.taxtmi.com/highlights?id=72894