2009 (7) TMI 426

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..... nterest. – Revenue contending that appellant not entitled to abatement – In this case, nothing appears to be an exception to Cenvat Credit Rule 2004. If an assessee reverses the Cenvat credit availed earlier on the input, the case may be equated with non-availment situation. – stay granted - ST/443/2009-CUS(BR) - ST/262/2009(PB), - Dated:- 21-7-2009 - S/Shri D.N. Panda, Member (J) and Rakesh K .....

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..... CE, Nagpur reported in 1996 (81) E.L.T. 3 (S.C.). 2. Learned DR submits that lateral reversal of Cenvat credit shall not grant ifso facto immunity from taxation. The appellant has done this reversal subsequent to the period under adjudication. In absence of any material on record, nothing can be said that the reversal was done following the Apex Court decision. Therefore, following the decisio .....

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