https://www.taxtmi.com/caselaws?id=751635 CESTAT New Delhi partially allowed the appeal and remanded the matter to the original authority. The tribunal upheld demands for CENVAT credit wrongly availed on common input services for exempted goods and trading activities, confirming extended limitation period due to suppression of facts. Penalty under Section 11AC and interest on delayed payment were sustained. However, the computation of Rs.97,01,260/- demand requires recalculation considering already reversed CENVAT credit, and verification of departmental figures needs reconsideration at original stage. en-us Tue, 16 Apr 2024 00:00:00 +0530 Mon, 22 Apr 2024 09:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751635 CESTAT New Delhi partially allowed the appeal and remanded the matter to the original authority. The tribunal upheld demands for CENVAT credit wrongly availed on common input services for exempted goods and trading activities, confirming extended limitation period due to suppression of facts. Penalty under Section 11AC and interest on delayed payment were sustained. However, the computation of Rs.97,01,260/- demand requires recalculation considering already reversed CENVAT credit, and verification of departmental figures needs reconsideration at original stage. Case-Laws Central Excise Tue, 16 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751635