Show Cause Notice for Further Cenvat Credit Reversal u/r 6 CCR 2004 Deemed Unsustainable Due to Extended Limitation.

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....Reversal of Cenvat Credit - When the audit wing had already verified the books of accounts of the Appellant and had sought reversal of Cenvat credit along with interest and penalty which was subsequently paid by the Appellant, then issuance of the instant SCN seeking reversal of Cenvat credit under Rule 6 of CCR 2004 [@6% on the value of trading activity] by invoking extended period of limitation cannot be sustained. - AT....