https://www.taxtmi.com/caselaws?id=449806 CESTAT Kolkata allowed appeal in part regarding CENVAT credit reversal for manufacturer of dutiable and partially exempted goods. Following precedents from Hello Minerals Water and Chandrapur Magnet Wires, the Tribunal held that reversal of Modvat credit equals non-taking of credit on inputs, entitling benefit of exemption notification on final product. Demand for differential duty on partially exempted goods was set aside. Matter regarding CENVAT credit on GTA services remanded to Adjudicating Authority for fresh consideration with proper documentation within four months. All penalties on appellants set aside, though confirmed demand on GTA services with interest remains payable. en-us Wed, 24 Jan 2024 00:00:00 +0530 Wed, 21 Feb 2024 07:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449806 CESTAT Kolkata allowed appeal in part regarding CENVAT credit reversal for manufacturer of dutiable and partially exempted goods. Following precedents from Hello Minerals Water and Chandrapur Magnet Wires, the Tribunal held that reversal of Modvat credit equals non-taking of credit on inputs, entitling benefit of exemption notification on final product. Demand for differential duty on partially exempted goods was set aside. Matter regarding CENVAT credit on GTA services remanded to Adjudicating Authority for fresh consideration with proper documentation within four months. All penalties on appellants set aside, though confirmed demand on GTA services with interest remains payable. Case-Laws Central Excise Wed, 24 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449806