https://www.taxtmi.com/caselaws?id=752503 CESTAT Hyderabad ruled on CENVAT credit reversal for common input services used in manufacturing exempted goods. The tribunal held that demand for the period prior to May 2006 was time-barred as revenue had knowledge of all facts with no suppression, fraud, or misstatement. For May 2006 to February 2007, reversal of common input service credit was upheld. The assessee was directed to file fresh calculations with the Adjudicating Authority, who must examine and determine any additional reversible amounts. The appeal was dismissed with directions for re-calculation of reversible amounts under Rule 6(3). en-us Wed, 07 Feb 2024 00:00:00 +0530 Mon, 13 May 2024 08:35:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752503 CESTAT Hyderabad ruled on CENVAT credit reversal for common input services used in manufacturing exempted goods. The tribunal held that demand for the period prior to May 2006 was time-barred as revenue had knowledge of all facts with no suppression, fraud, or misstatement. For May 2006 to February 2007, reversal of common input service credit was upheld. The assessee was directed to file fresh calculations with the Adjudicating Authority, who must examine and determine any additional reversible amounts. The appeal was dismissed with directions for re-calculation of reversible amounts under Rule 6(3). Case-Laws Central Excise Wed, 07 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752503