https://www.taxtmi.com/caselaws?id=754964 CESTAT New Delhi allowed the appeal in a CENVAT credit reversal case. The appellant company had availed credit on inputs and capital goods like explosives, detonators, and lubricants provided to contractors for mine development work. Revenue demanded reversal under Rule 3(5) of CENVAT Credit Rules 2004 with extended limitation period, interest, and penalty. CESTAT held that providing inputs to contractors for captive mine development does not constitute "removal" under Rule 3(5), following its earlier decision in the same company's case. Since no actual removal occurred, credit reversal was not required. The demand was set aside along with extended limitation, interest, and penalty provisions. en-us Tue, 02 Jul 2024 00:00:00 +0530 Thu, 04 Jul 2024 08:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754964 CESTAT New Delhi allowed the appeal in a CENVAT credit reversal case. The appellant company had availed credit on inputs and capital goods like explosives, detonators, and lubricants provided to contractors for mine development work. Revenue demanded reversal under Rule 3(5) of CENVAT Credit Rules 2004 with extended limitation period, interest, and penalty. CESTAT held that providing inputs to contractors for captive mine development does not constitute "removal" under Rule 3(5), following its earlier decision in the same company's case. Since no actual removal occurred, credit reversal was not required. The demand was set aside along with extended limitation, interest, and penalty provisions. Case-Laws Central Excise Tue, 02 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754964