https://www.taxtmi.com/caselaws?id=751046 CESTAT Kolkata ruled in favor of appellant regarding reversal of CENVAT credit under Rule 3(5) of CENVAT Credit Rules, 2004 where no physical removal of capital goods occurred. Following precedent from CESTAT Ahmedabad in telecommunications services case, tribunal held appellant correctly availed CENVAT credit and was not required to reverse it under Rule 3(5). The impugned order lacked merit as the issue was already settled by previous tribunal decision. Appeal allowed. en-us Mon, 01 Apr 2024 00:00:00 +0530 Sat, 06 Apr 2024 05:46:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751046 CESTAT Kolkata ruled in favor of appellant regarding reversal of CENVAT credit under Rule 3(5) of CENVAT Credit Rules, 2004 where no physical removal of capital goods occurred. Following precedent from CESTAT Ahmedabad in telecommunications services case, tribunal held appellant correctly availed CENVAT credit and was not required to reverse it under Rule 3(5). The impugned order lacked merit as the issue was already settled by previous tribunal decision. Appeal allowed. Case-Laws Service Tax Mon, 01 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751046