https://www.taxtmi.com/caselaws?id=445478 The CESTAT Chennai allowed the appeal challenging recovery of credit and penalties. The Department alleged that appellants who availed credit under Rule 16 of Central Excise Rules, 2002 on returned goods could not export those goods under exemption notification without reversing the credit. The CESTAT held that Rule 16 permits credit under CENVAT Credit Rules, 2004 without any embargo on export or clearance under exemption notifications. The tribunal rejected the lower authorities' view that credit reversal was a pre-condition for removal and that goods not originally meant for export could not be later exported. The demand was set aside. en-us Tue, 07 Nov 2023 00:00:00 +0530 Thu, 09 Nov 2023 11:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445478 The CESTAT Chennai allowed the appeal challenging recovery of credit and penalties. The Department alleged that appellants who availed credit under Rule 16 of Central Excise Rules, 2002 on returned goods could not export those goods under exemption notification without reversing the credit. The CESTAT held that Rule 16 permits credit under CENVAT Credit Rules, 2004 without any embargo on export or clearance under exemption notifications. The tribunal rejected the lower authorities' view that credit reversal was a pre-condition for removal and that goods not originally meant for export could not be later exported. The demand was set aside. Case-Laws Central Excise Tue, 07 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445478