https://www.taxtmi.com/caselaws?id=759616 The tribunal set aside the impugned order, ruling that the demand for recovery of CENVAT Credit and associated interest was unsustainable. It concluded that the power to recover under Rule 3(5B) of the CENVAT Credit Rules 2004, introduced by a 2013 amendment, was inapplicable to the disputed period. Consequently, the appellant was granted relief from the duty and interest demands, as the reversal of credit was not justified for non-moving items that were not written off. The tribunal's decision was grounded in legal interpretations and precedents, ultimately favoring the appellant. en-us Thu, 03 Oct 2024 00:00:00 +0530 Fri, 04 Oct 2024 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759616 The tribunal set aside the impugned order, ruling that the demand for recovery of CENVAT Credit and associated interest was unsustainable. It concluded that the power to recover under Rule 3(5B) of the CENVAT Credit Rules 2004, introduced by a 2013 amendment, was inapplicable to the disputed period. Consequently, the appellant was granted relief from the duty and interest demands, as the reversal of credit was not justified for non-moving items that were not written off. The tribunal's decision was grounded in legal interpretations and precedents, ultimately favoring the appellant. Case-Laws Central Excise Thu, 03 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759616