https://www.taxtmi.com/caselaws?id=446073 Retrospective amendment of area-based excise exemption and CENVAT credit rules did not justify recovery of an earlier refund where the assessee later fully utilised accumulated CENVAT credit. The Tribunal applied revenue neutrality and held that, once the later utilisation neutralised the higher refund for the earlier period, no enduring excess benefit remained to support demand under Section 153(4) of the Finance Act, 2003. The impugned order was therefore set aside and the appeal was allowed with consequential relief. en-us Tue, 21 Nov 2023 00:00:00 +0530 Fri, 24 Nov 2023 16:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=446073 Retrospective amendment of area-based excise exemption and CENVAT credit rules did not justify recovery of an earlier refund where the assessee later fully utilised accumulated CENVAT credit. The Tribunal applied revenue neutrality and held that, once the later utilisation neutralised the higher refund for the earlier period, no enduring excess benefit remained to support demand under Section 153(4) of the Finance Act, 2003. The impugned order was therefore set aside and the appeal was allowed with consequential relief. Case-Laws Central Excise Tue, 21 Nov 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=446073