Reversal of Cenvat Credit on Coal Inputs Deemed Incorrect; No Penalty Imposed According to Commissioner (Appeals) Decision.

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....Reversal of Cenvat Credit - When the calculation arrived at by the Department and confirmed vide the order under challenge is perused (in para 18.3 of show cause notice), it is observed that the value of coal (inputs ) used in power plant and value of Coal handling service (input service) in terms of Rule 6(3A)(c ) (i) and 6 (3A(iii) has to be the value as shown in Column 4 of such table in para 18.3 of the show cause notice. However, the value of total inputs / input service as mentioned in para 1 of the said table has been taken by the Investigating Authority and has been confirmed by the Commissioner (Appeals). - The calculation based upon total value of input / input service is held to be wrong - no penalty - AT....