2018 (2) TMI 612

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....ia Ltd leading up to this appeal is the utilization of Rs. 87,637 in CENVAT credit account following clearance of goods at 'nil' rate of duty under notification no. 6/2006 dated 1st March 2006 and by recourse to rule 6(3) of CENVAT Credit Rules, 2004 between September 2009 and January 2000. On the incorrect availment of exemption notification having been pointed out, the appellant paid duties in f....

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....do not subscribe to the view expressed by the Revenue. Admittedly, the assessee originally availed the Cenvat credit on Service Tax for discharging its liability. However, for sound reasons, it reversed the credit. Strictly speaking, in this process, there is only an account entry reversal and factually there is no outflow of funds from the assessee to result in filing application under Section 11....