https://www.taxtmi.com/caselaws?id=314241 CESTAT NEW DELHI ruled that appellant was not liable to reverse CENVAT credit for electricity used in residential colony situated near factory, as it constituted an industrial township necessary for factory operations requiring technicians and workmen on call. However, appellant must reverse proportionate CENVAT credit for power wheeled out to RSEB. Extended period of limitation was held inapplicable due to interpretational nature of issue and proper record maintenance by appellant. Matter remanded to Original Adjudicating Authority for recalculation of reversal amount limited to power wheeled out to RSEB only. en-us Fri, 19 May 2023 00:00:00 +0530 Mon, 27 May 2024 16:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=314241 CESTAT NEW DELHI ruled that appellant was not liable to reverse CENVAT credit for electricity used in residential colony situated near factory, as it constituted an industrial township necessary for factory operations requiring technicians and workmen on call. However, appellant must reverse proportionate CENVAT credit for power wheeled out to RSEB. Extended period of limitation was held inapplicable due to interpretational nature of issue and proper record maintenance by appellant. Matter remanded to Original Adjudicating Authority for recalculation of reversal amount limited to power wheeled out to RSEB only. Case-Laws Central Excise Fri, 19 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=314241