https://www.taxtmi.com/caselaws?id=768844 The Tribunal ruled that the assessee is entitled to claim cenvat credit on CVD paid by debiting DEPB scrips during 2010-2011 to 2011-2012. Rejecting the Revenue's position, the Tribunal held that goods cleared under DEPB scheme are duty-paid goods, not exempted goods, following precedents from HC and SC. The Tribunal found that Notification No.97/2009-Cus and Circular No.18/2006-Cus explicitly permit cenvat credit on additional customs duty paid via DEPB scrips. Additionally, the Tribunal determined that the extended period of limitation was unjustified as there was no suppression of facts by the assessee. The Commissioner's order was set aside. en-us Wed, 26 Feb 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768844 The Tribunal ruled that the assessee is entitled to claim cenvat credit on CVD paid by debiting DEPB scrips during 2010-2011 to 2011-2012. Rejecting the Revenue's position, the Tribunal held that goods cleared under DEPB scheme are duty-paid goods, not exempted goods, following precedents from HC and SC. The Tribunal found that Notification No.97/2009-Cus and Circular No.18/2006-Cus explicitly permit cenvat credit on additional customs duty paid via DEPB scrips. Additionally, the Tribunal determined that the extended period of limitation was unjustified as there was no suppression of facts by the assessee. The Commissioner's order was set aside. Case-Laws Central Excise Wed, 26 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768844