https://www.taxtmi.com/caselaws?id=445998 CESTAT Chennai allowed the appeal regarding CENVAT re-credit of Rs.34,84,905/- on inputs provisionally written off. The appellant had taken re-credit on 30.06.2017 and carried it forward as transitional credit under GST. The Tribunal held that under Rule 3(5B) of CENVAT Credit Rules, 2004, re-credit is permissible when inputs are subsequently used in manufacturing final products and not fully written off. The appellant provided sufficient documentary evidence of utilization in manufacturing. The demand was unsustainable, extended limitation period was unjustified as the issue was interpretational, and consequently interest and penalty were also set aside. en-us Thu, 23 Nov 2023 00:00:00 +0530 Fri, 24 Nov 2023 07:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445998 CESTAT Chennai allowed the appeal regarding CENVAT re-credit of Rs.34,84,905/- on inputs provisionally written off. The appellant had taken re-credit on 30.06.2017 and carried it forward as transitional credit under GST. The Tribunal held that under Rule 3(5B) of CENVAT Credit Rules, 2004, re-credit is permissible when inputs are subsequently used in manufacturing final products and not fully written off. The appellant provided sufficient documentary evidence of utilization in manufacturing. The demand was unsustainable, extended limitation period was unjustified as the issue was interpretational, and consequently interest and penalty were also set aside. Case-Laws Central Excise Thu, 23 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445998