https://www.taxtmi.com/caselaws?id=767568 CESTAT Mumbai held that extended period of limitation cannot be invoked for non-reversal of CENVAT credit on furnace oil used in manufacturing both dutiable and exempted goods. The tribunal found no suppression of facts as the appellant maintained proper records and furnished details to authorities. Following SC precedent in Gujarat Narmada Valley Fertilizers, the court noted the legal position was contentious with divergent judicial views. Since appellant had reversed CENVAT credit on pro-rata basis and disclosed relevant information, charges of suppression could not be sustained. Matter remanded to original authority for verification of reversal claims within normal limitation period. en-us Wed, 12 Mar 2025 00:00:00 +0530 Fri, 21 Mar 2025 08:25:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767568 CESTAT Mumbai held that extended period of limitation cannot be invoked for non-reversal of CENVAT credit on furnace oil used in manufacturing both dutiable and exempted goods. The tribunal found no suppression of facts as the appellant maintained proper records and furnished details to authorities. Following SC precedent in Gujarat Narmada Valley Fertilizers, the court noted the legal position was contentious with divergent judicial views. Since appellant had reversed CENVAT credit on pro-rata basis and disclosed relevant information, charges of suppression could not be sustained. Matter remanded to original authority for verification of reversal claims within normal limitation period. Case-Laws Central Excise Wed, 12 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767568