https://www.taxtmi.com/caselaws?id=761560 Cenvat credit could not be denied for the defaulted period under Rule 8(3A) of the Central Excise Rules, 2002 because the restriction had been held ultra vires by the High Court decisions relied upon. With that restriction unenforceable, the assessee remained entitled to utilise credit during the relevant period, and the demand raised solely on the basis of denial of credit was not sustainable. The consequential interest and penalty also could not survive once the underlying denial of credit failed. en-us Wed, 24 Jul 2024 00:00:00 +0530 Tue, 12 Nov 2024 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761560 Cenvat credit could not be denied for the defaulted period under Rule 8(3A) of the Central Excise Rules, 2002 because the restriction had been held ultra vires by the High Court decisions relied upon. With that restriction unenforceable, the assessee remained entitled to utilise credit during the relevant period, and the demand raised solely on the basis of denial of credit was not sustainable. The consequential interest and penalty also could not survive once the underlying denial of credit failed. Case-Laws Central Excise Wed, 24 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761560