https://www.taxtmi.com/caselaws?id=765971 CESTAT Chandigarh allowed the appeal by remand in a CENVAT credit reversal case. The tribunal found confusion regarding the actual credit balance available as on the exemption notification date due to multiple show cause notices issued by Revenue for fraudulent credit availment and credit lapse under Rule 11(3) of CENVAT Credit Rules, 2004. The matter was remanded to Original Authority to verify whether the assessee had reversed the demanded credit amount and determine the actual balance lying in credit as on the notification date, which shall lapse under Rule 11(3). en-us Wed, 12 Feb 2025 00:00:00 +0530 Fri, 14 Feb 2025 08:26:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765971 CESTAT Chandigarh allowed the appeal by remand in a CENVAT credit reversal case. The tribunal found confusion regarding the actual credit balance available as on the exemption notification date due to multiple show cause notices issued by Revenue for fraudulent credit availment and credit lapse under Rule 11(3) of CENVAT Credit Rules, 2004. The matter was remanded to Original Authority to verify whether the assessee had reversed the demanded credit amount and determine the actual balance lying in credit as on the notification date, which shall lapse under Rule 11(3). Case-Laws Central Excise Wed, 12 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765971