https://www.taxtmi.com/caselaws?id=759546 CESTAT Kolkata allowed the appeal on both merits and time bar grounds. The appellant, a manufacturer of SS Hose Assembly and Flange Fittings, also procured MS Round and TMT Bars, processed them, and cleared to buyers. While taking Cenvat Credit on procurement, they properly reversed the entire credit upon clearance. Revenue demanded recovery of the same amount under both Cenvat Credit denial and Section 11D of Central Excise Act, 1944. The tribunal found no justification for denying legitimately taken and reversed Cenvat Credit. Additionally, the Show Cause Notice issued in 2013 for 2008-10 transactions was time-barred, as all transactions were reflected in ER-1 Returns without suppression. en-us Thu, 03 Oct 2024 00:00:00 +0530 Fri, 04 Oct 2024 08:19:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759546 CESTAT Kolkata allowed the appeal on both merits and time bar grounds. The appellant, a manufacturer of SS Hose Assembly and Flange Fittings, also procured MS Round and TMT Bars, processed them, and cleared to buyers. While taking Cenvat Credit on procurement, they properly reversed the entire credit upon clearance. Revenue demanded recovery of the same amount under both Cenvat Credit denial and Section 11D of Central Excise Act, 1944. The tribunal found no justification for denying legitimately taken and reversed Cenvat Credit. Additionally, the Show Cause Notice issued in 2013 for 2008-10 transactions was time-barred, as all transactions were reflected in ER-1 Returns without suppression. Case-Laws Central Excise Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759546