2018 (12) TMI 1803

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....) For the Appellant : Shri Jigar Shah, Advocate For the Respondent : Shri Sameer Chitkara, Additional Commissioner (AR) ORDER Per : Ramesh Nair The issue involved is whether the appellant is liable to pay 6%/8%, in terms of Rule 6(3) of Cenvat Credit Rules, 2004. 2. Shri Jigar Shah, Ld. Advocate appearing on behalf of the appellant submits that the appellant have reversed the maj....

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....nt reversal of credit will not help the appellant. He also submits that since there is a clear violation of the provisions of Rule 6(3), the appellant is liable for penalty under Rule 15 of Cenvat Credit Rules, 2004. 4. We have carefully considered the submissions made by both sides and perused the record. We find that the issue to be decided is whether the appellant is liable to pay 6% or 8% o....