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Central Excise - Highlights / Catch Notes

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Validity of SCN - Reversal of CENVAT Credit - demand at ...

Case Laws     Central Excise

September 2, 2022

Validity of SCN - Reversal of CENVAT Credit - demand at specified percentage of the sales/transfer value of the exempted product - The appellant have reversed the proportionate Cenvat credit in terms of Rules 6 (3)(ii) of CCR, thus, there is no application of Rule 6 (3)(i). It is further found that the situation is wholly revenue neutral, as both the units under common management and ownership are paying duty on their dutiable finished product - AT

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