2015 (10) TMI 2590

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....r the Appellant. Mr. Vaibhav Bhatnagar(DR) appeared for the Respondent. ORDER Per S K Mohanty: Demand of interest and imposition of penalty by invoking the extended period of limitation for delayed reversal of cenvat credit is the subject matter of present dispute. 2. Sh. Udit Jain, the Ld. Advocate appearing for the appellant submits that the cenvat credit taken inadvertently since....

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....mitted fact that irregularly availed cenvat credit and subsequently reversal thereof is not attributable to any fraud, collusion, misstatement with intent to evade payment of duty. In such an eventuality, the Department was required to issue the SCN within a period of one year from the relevant date i.e. reversal of cenvat credit. Since the SCN in the present case was issued on 03.10.2013, involvi....