https://www.taxtmi.com/caselaws?id=802197 Proportionate reversal of CENVAT credit under Rule 6 is treated as non-availment, and the rule gives the assessee an option. Where remand directions require verification of the amount reversed, reapplying the rule without verification is contrary to judicial discipline. Regular filing of declarations and returns, together with audit, is relevant to applying the extended limitation period to concessional-duty demands. Where extended limitation does not apply, demands are confined to the normal period, with cum-duty benefit for surviving demands. The absence of an allegation or evidence of mens rea is relevant to penalties on a manufacturer and its director. en-us Fri, 30 Oct 2026 00:00:00 +0530 Tue, 03 Nov 2026 09:23:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802197 Proportionate reversal of CENVAT credit under Rule 6 is treated as non-availment, and the rule gives the assessee an option. Where remand directions require verification of the amount reversed, reapplying the rule without verification is contrary to judicial discipline. Regular filing of declarations and returns, together with audit, is relevant to applying the extended limitation period to concessional-duty demands. Where extended limitation does not apply, demands are confined to the normal period, with cum-duty benefit for surviving demands. The absence of an allegation or evidence of mens rea is relevant to penalties on a manufacturer and its director. Case-Laws Central Excise Fri, 30 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802197