2018 (8) TMI 1277

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..... dit - Rule 6 of Cenvat Credit Rules, 2004 - Held that:- Since the assessee had reversed the cenvat credit with interest, no further adverse consequence should follow - This Court in case of Commissioner v. Ashima Dyecot Ltd [2008 (9) TMI 87 - HIGH COURT GUJARAT] has observed that reversal of credit amounts to non-availment - tax appeal dismissed.
MR. AKIL KURESHI AND MR. B.N. KARIA, JJ. For Th .....

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..... 04?" 2. Briefly stated the facts are that the assessee is a manufacturer of ceramic products. These are byproducts and is called body clay powder which envisages nil rate of duty. The assessee did not maintain separate accounts and initially availed cenvat credit on the exempt product also. However, subsequently, it appears that such credit so availed was reversed with interest. The department h .....

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