https://www.taxtmi.com/caselaws?id=757994 CESTAT Kolkata allowed the assessee's appeal regarding CENVAT credit disputes totaling Rs. 6,25,651/- for input consumption, ruling the department's allegations were based on suspicion without corroborative evidence. The tribunal also allowed credit of Rs. 5,14,168/- for returned goods and Rs. 89,61,000/- for brand promotion services availed before product exemption. The demand was held time-barred as credit availment was disclosed in ER-1 returns without suppression. Interest under Rule 14 and penalty under Rule 15 were deemed inapplicable for Rule 11(3) recovery. Revenue's cross-appeal was dismissed. en-us Thu, 29 Aug 2024 00:00:00 +0530 Thu, 05 Sep 2024 14:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757994 CESTAT Kolkata allowed the assessee's appeal regarding CENVAT credit disputes totaling Rs. 6,25,651/- for input consumption, ruling the department's allegations were based on suspicion without corroborative evidence. The tribunal also allowed credit of Rs. 5,14,168/- for returned goods and Rs. 89,61,000/- for brand promotion services availed before product exemption. The demand was held time-barred as credit availment was disclosed in ER-1 returns without suppression. Interest under Rule 14 and penalty under Rule 15 were deemed inapplicable for Rule 11(3) recovery. Revenue's cross-appeal was dismissed. Case-Laws Central Excise Thu, 29 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757994