https://www.taxtmi.com/caselaws?id=311715 CESTAT Mumbai dismissed UniDeritend Ltd.'s appeal regarding CENVAT credit availability under Rule 7(d) of CENVAT Credit Rules, 2004. The tribunal held that since the company availed credit after the rule amendment, the amended law applied regardless of when invoices were raised. UniDeritend Ltd. was required to follow Rule 7(d) and Explanation 3 existing at the time of credit availment. The demand for credit reversal was upheld, and penalty was deemed justifiable due to clear rule language. Revenue's appeal was allowed. en-us Fri, 29 Dec 2017 00:00:00 +0530 Wed, 10 Jan 2024 09:21:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311715 CESTAT Mumbai dismissed UniDeritend Ltd.'s appeal regarding CENVAT credit availability under Rule 7(d) of CENVAT Credit Rules, 2004. The tribunal held that since the company availed credit after the rule amendment, the amended law applied regardless of when invoices were raised. UniDeritend Ltd. was required to follow Rule 7(d) and Explanation 3 existing at the time of credit availment. The demand for credit reversal was upheld, and penalty was deemed justifiable due to clear rule language. Revenue's appeal was allowed. Case-Laws Central Excise Fri, 29 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311715