https://www.taxtmi.com/caselaws?id=753789 CESTAT Kolkata allowed the appeal on both merits and limitation grounds. The tribunal held that proceedings against Orient Decorators exceeded the scope of the Show Cause Notice. Regarding CENVAT credit reversal, the appellant had voluntarily reversed the entire credit of Rs.6,14,107/- with interest after taking proportionate credit of Rs.73,000. The tribunal ruled that proportionate reversal was sufficient, not the 6%/8% penalty provision. On limitation, the tribunal found no suppression as credits were reflected in ER-1 returns and confirmed by chartered accountant certificate, making the extended period demand unsustainable. en-us Fri, 07 Jun 2024 00:00:00 +0530 Tue, 11 Jun 2024 07:56:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753789 CESTAT Kolkata allowed the appeal on both merits and limitation grounds. The tribunal held that proceedings against Orient Decorators exceeded the scope of the Show Cause Notice. Regarding CENVAT credit reversal, the appellant had voluntarily reversed the entire credit of Rs.6,14,107/- with interest after taking proportionate credit of Rs.73,000. The tribunal ruled that proportionate reversal was sufficient, not the 6%/8% penalty provision. On limitation, the tribunal found no suppression as credits were reflected in ER-1 returns and confirmed by chartered accountant certificate, making the extended period demand unsustainable. Case-Laws Service Tax Fri, 07 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753789