https://www.taxtmi.com/caselaws?id=761677 CESTAT Kolkata dismissed Revenue's appeal regarding Cenvat Credit reversal for exempted goods. The Adjudicating Authority had rejected the demand for 5/6% of exempted goods value, following tribunal directions for proportionate reversal. The Authority examined Cost Accountant certificates and relied on precedents from Hyderabad Tribunal (Aster Pvt. Ltd.) and Madras HC (Pepsico holdings) to conclude the demand was legally unsustainable. CESTAT found the detailed order proper and upheld the decision favoring proportionate reversal over fixed percentage demand. en-us Wed, 04 Sep 2024 00:00:00 +0530 Fri, 01 May 2026 10:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761677 CESTAT Kolkata dismissed Revenue's appeal regarding Cenvat Credit reversal for exempted goods. The Adjudicating Authority had rejected the demand for 5/6% of exempted goods value, following tribunal directions for proportionate reversal. The Authority examined Cost Accountant certificates and relied on precedents from Hyderabad Tribunal (Aster Pvt. Ltd.) and Madras HC (Pepsico holdings) to conclude the demand was legally unsustainable. CESTAT found the detailed order proper and upheld the decision favoring proportionate reversal over fixed percentage demand. Case-Laws Central Excise Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761677