https://www.taxtmi.com/caselaws?id=754840 The Tribunal set aside the impugned order, allowing the appeal with consequential reliefs. It held that the demand for payment of 5%/6% of the value of exempted goods was unwarranted, as the appellant had reversed the proportionate CENVAT credit upon notification. The Tribunal deemed the requirement to inform the Department about the credit reversal as procedural, not substantive, thereby satisfying Rule 6(3)(ii) of the CENVAT Credit Rules, 2004. The Show Cause Notice demanding payment was deemed improper, and the appellant was granted relief. en-us Thu, 27 Jun 2024 00:00:00 +0530 Mon, 01 Jul 2024 14:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754840 The Tribunal set aside the impugned order, allowing the appeal with consequential reliefs. It held that the demand for payment of 5%/6% of the value of exempted goods was unwarranted, as the appellant had reversed the proportionate CENVAT credit upon notification. The Tribunal deemed the requirement to inform the Department about the credit reversal as procedural, not substantive, thereby satisfying Rule 6(3)(ii) of the CENVAT Credit Rules, 2004. The Show Cause Notice demanding payment was deemed improper, and the appellant was granted relief. Case-Laws Central Excise Thu, 27 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754840