https://www.taxtmi.com/caselaws?id=757817 CESTAT Ahmedabad dismissed Revenue's appeal regarding utilization of Cenvat credit of basic excise duty for payment of National Calamity Contingent Duty (NCCD). The tribunal held that Rule 3 of Cenvat Credit Rules, 2004 permits such utilization, following established precedents. Revenue's reliance on a HC judgment distinguishing NCCD as surcharge rather than excise duty was deemed irrelevant, as the rules specifically allow basic excise duty credit for NCCD payment. The original order permitting credit utilization was upheld as legal and correct. en-us Fri, 30 Aug 2024 00:00:00 +0530 Mon, 02 Sep 2024 10:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757817 CESTAT Ahmedabad dismissed Revenue's appeal regarding utilization of Cenvat credit of basic excise duty for payment of National Calamity Contingent Duty (NCCD). The tribunal held that Rule 3 of Cenvat Credit Rules, 2004 permits such utilization, following established precedents. Revenue's reliance on a HC judgment distinguishing NCCD as surcharge rather than excise duty was deemed irrelevant, as the rules specifically allow basic excise duty credit for NCCD payment. The original order permitting credit utilization was upheld as legal and correct. Case-Laws Central Excise Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757817