https://www.taxtmi.com/caselaws?id=758676 Where proportionate CENVAT credit attributable to trading activity is reversed along with applicable interest, a separate demand of 6% under Rule 6(3) of the Cenvat Credit Rules, 2004 on traded goods does not survive. The operative basis for treating the traded turnover as giving rise to an additional liability disappears once the attributable credit has been restored and interest paid for the intervening period. On that footing, the further demand was unsustainable and the matter favoured the assessee. en-us Fri, 13 Sep 2024 00:00:00 +0530 Wed, 18 Sep 2024 07:53:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758676 Where proportionate CENVAT credit attributable to trading activity is reversed along with applicable interest, a separate demand of 6% under Rule 6(3) of the Cenvat Credit Rules, 2004 on traded goods does not survive. The operative basis for treating the traded turnover as giving rise to an additional liability disappears once the attributable credit has been restored and interest paid for the intervening period. On that footing, the further demand was unsustainable and the matter favoured the assessee. Case-Laws Central Excise Fri, 13 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758676