https://www.taxtmi.com/caselaws?id=791159 Cenvat credit was denied because the assessee failed to show that the amount paid under the Settlement Commission order represented countervailing duty actually assessed and paid on imports under Notification No. 79/95-Cus. The record distinguished imports where basic customs duty and CVD were exempt from those where only basic customs duty was exempt, and the settlement computation did not establish any CVD component for the advance licences in question. Credit cannot be claimed merely because the sum formed part of an overall settlement payment, so the denial of credit was upheld. en-us Tue, 05 May 2026 00:00:00 +0530 Wed, 06 May 2026 10:35:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791159 Cenvat credit was denied because the assessee failed to show that the amount paid under the Settlement Commission order represented countervailing duty actually assessed and paid on imports under Notification No. 79/95-Cus. The record distinguished imports where basic customs duty and CVD were exempt from those where only basic customs duty was exempt, and the settlement computation did not establish any CVD component for the advance licences in question. Credit cannot be claimed merely because the sum formed part of an overall settlement payment, so the denial of credit was upheld. Case-Laws Central Excise Tue, 05 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791159