https://www.taxtmi.com/caselaws?id=750883 CESTAT Chandigarh held that a manufacturer operating under area-based exemption notification cannot avail CENVAT credit on inputs during the period when the relevant notification was not listed under Rule 12 of CENVAT Credit Rules, 2004. The appellant was ineligible for credit from 01/05/2012 to 19/01/2014 as Notification 1/2010 was excluded from Rule 12 during this period. However, the extended limitation period could not be invoked as mere audit discovery of discrepancy without positive suppression of facts is insufficient. The appeal succeeded on limitation grounds despite failing on merits. en-us Tue, 02 Apr 2024 00:00:00 +0530 Wed, 03 Apr 2024 06:25:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750883 CESTAT Chandigarh held that a manufacturer operating under area-based exemption notification cannot avail CENVAT credit on inputs during the period when the relevant notification was not listed under Rule 12 of CENVAT Credit Rules, 2004. The appellant was ineligible for credit from 01/05/2012 to 19/01/2014 as Notification 1/2010 was excluded from Rule 12 during this period. However, the extended limitation period could not be invoked as mere audit discovery of discrepancy without positive suppression of facts is insufficient. The appeal succeeded on limitation grounds despite failing on merits. Case-Laws Central Excise Tue, 02 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750883