2024 (9) TMI 402

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....rdik Modh, Advocate for the Appellant Shri Sanjay Kumar, Superintendent (AR) for the Respondent ORDER The issue involved in the present appeal is whether the learned Commissioner (Appeals) rightly upheld the order-in-original confirming the demand equal to 6% of difference between the sale price and purchase price of the goods traded during the period January 2016 to February 2017 in term....

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....) Emami Limited vs. C.C.E & S.T. -Valsad - 2023 (8) TMI 1232 CESTAT Ahmedabad (b) M/s Central UP Gas Ltd. vs. Commissioner of Customs, Central Excise & Service Tax, Kanpur 2024 (6) TMI 491 CESTAT Allahabad (c) Biochem Pharmaceuticals Industries Ltd. vs. C.C.E. & S.T. Daman. 2021 (10) TMI 1285 CESTAT Ahmedabad (d) M/s. Steel Authority of India Limited vs. Commissioner OF ....

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....he proportionate credit attributed to common input services has been reversed, no demand at the rate of 6% of the difference between the purchase price and sale price is sustainable. As regards the correctness of the reversal of credit, the Revenue can verify the same. Since the appellant have reversed the credit belatedly, it is their submission that during the relevant time they have not utilise....

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....with interest from the manufacturer or the provider of output service, as the case may be, and the provisions of sections 11A and 11AA of the Excise Act or sections 73 and 75 of the Finance Act, 1994, as the case may be, shall apply mutatis mutandis for effecting such recoveries." As per the above Rule 14 it is clear that interest is payable not merely on availment of Cenvat credit but also on ....