https://www.taxtmi.com/caselaws?id=763778 CESTAT Mumbai held that recovery proceedings for wrongfully availed CENVAT Credit were time-barred for the pre-April 2011 period. The appellant had bonafide belief that trading activity was exempt service before 01.04.2011, and failure to enter CENVAT particulars in ER-1 returns while maintaining internal records did not justify extended limitation period. Show-cause notices issued beyond normal one-year period were barred by limitation. For post-April 2011 period, matter was remanded to original authority to verify whether appellant reversed CENVAT Credit at ISD stage and whether credit was distributed to manufacturing unit. Appeal disposed through remand. en-us Tue, 10 Dec 2024 00:00:00 +0530 Fri, 27 Dec 2024 18:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763778 CESTAT Mumbai held that recovery proceedings for wrongfully availed CENVAT Credit were time-barred for the pre-April 2011 period. The appellant had bonafide belief that trading activity was exempt service before 01.04.2011, and failure to enter CENVAT particulars in ER-1 returns while maintaining internal records did not justify extended limitation period. Show-cause notices issued beyond normal one-year period were barred by limitation. For post-April 2011 period, matter was remanded to original authority to verify whether appellant reversed CENVAT Credit at ISD stage and whether credit was distributed to manufacturing unit. Appeal disposed through remand. Case-Laws Central Excise Tue, 10 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763778