https://www.taxtmi.com/caselaws?id=764361 Where inputs were cleared as such and duty on the transaction value exceeded the CENVAT credit attributable to them, a demand for non-reversal of SAD-linked credit was not sustainable because no revenue loss was shown; the Tribunal therefore rejected the demand on merits. As the ER-1 returns and invoices disclosed the clearances, suppression or wilful misstatement was not established, so the extended period of limitation could not be invoked. For the same reason, the connected penalties on the appellant and co-appellants also failed. en-us Wed, 08 Jan 2025 00:00:00 +0530 Thu, 09 Jan 2025 07:46:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764361 Where inputs were cleared as such and duty on the transaction value exceeded the CENVAT credit attributable to them, a demand for non-reversal of SAD-linked credit was not sustainable because no revenue loss was shown; the Tribunal therefore rejected the demand on merits. As the ER-1 returns and invoices disclosed the clearances, suppression or wilful misstatement was not established, so the extended period of limitation could not be invoked. For the same reason, the connected penalties on the appellant and co-appellants also failed. Case-Laws Central Excise Wed, 08 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764361