https://www.taxtmi.com/caselaws?id=760650 CESTAT Bangalore allowed the appeal regarding reversal of CENVAT credit on written-off inputs under Rule 3(5B) of Cenvat Credit Rules, 2004. Following precedents in Hewlett Packard India Sales, Ericsson India, and GKN Driveline cases, the Tribunal held that erroneous availment of CENVAT credit could only be recovered after insertion of recovery provision through Notification No.3/2013-CE(NT) dated 01.03.2013. Since the recovery period pertained to 2006-07 to 2008-09, before the amendment's effective date, the impugned order was set aside. en-us Wed, 16 Oct 2024 00:00:00 +0530 Fri, 25 Oct 2024 08:10:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760650 CESTAT Bangalore allowed the appeal regarding reversal of CENVAT credit on written-off inputs under Rule 3(5B) of Cenvat Credit Rules, 2004. Following precedents in Hewlett Packard India Sales, Ericsson India, and GKN Driveline cases, the Tribunal held that erroneous availment of CENVAT credit could only be recovered after insertion of recovery provision through Notification No.3/2013-CE(NT) dated 01.03.2013. Since the recovery period pertained to 2006-07 to 2008-09, before the amendment's effective date, the impugned order was set aside. Case-Laws Central Excise Wed, 16 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760650