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Service Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

CENVAT Credit - Levy of interest and penalty - the appellant ...


Appellant Liable for Interest and Penalty on Erroneous CENVAT Credit Reversal u/r 6 of CCR 2004.

March 1, 2023

Case Laws     Service Tax     AT

CENVAT Credit - Levy of interest and penalty - the appellant after receipt of orders from the department relating to erroneous credit taken by them as per Rule 6 of CCR 2004, cannot continue to plead ambiguity in the interpretation of the said provision and claim that having reversed wrongly taken credits, that too as per their interpretation of the Rule, the imposition of interest and penalty is unsustainable. - AT

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