https://www.taxtmi.com/caselaws?id=757440 CESTAT Mumbai allowed the appeal regarding refund adjustment against duty demand. The tribunal held that after SC order, no amount was payable by way of CENVAT credit reversal on capital goods removal when paid on depreciated value. Based on appellant's request dated 12.12.2023, entire amount of Rs.18,38,774/- required refund within 15 days per Board Circular dated 10.03.2017, with interest under Section 11BB if delayed. CESTAT exercised power under Rule 41 of CESTAT (Procedure) Rules, 1982 to implement SC enforcement order, set aside Commissioner (Appeals) order, and granted appellant refund of Rs.18,38,774/- with applicable interest against inadmissible credit demand. en-us Thu, 22 Aug 2024 00:00:00 +0530 Tue, 27 Aug 2024 08:17:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757440 CESTAT Mumbai allowed the appeal regarding refund adjustment against duty demand. The tribunal held that after SC order, no amount was payable by way of CENVAT credit reversal on capital goods removal when paid on depreciated value. Based on appellant's request dated 12.12.2023, entire amount of Rs.18,38,774/- required refund within 15 days per Board Circular dated 10.03.2017, with interest under Section 11BB if delayed. CESTAT exercised power under Rule 41 of CESTAT (Procedure) Rules, 1982 to implement SC enforcement order, set aside Commissioner (Appeals) order, and granted appellant refund of Rs.18,38,774/- with applicable interest against inadmissible credit demand. Case-Laws Central Excise Thu, 22 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757440