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Central Excise - Highlights / Catch Notes

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Reversal of CENVAT Credit - when there was no recovery mechanism ...


CENVAT Credit Reversal u/r 14 Deemed Invalid Due to Lack of Recovery Mechanism Before March 1, 2013.

September 26, 2023

Case Laws     Central Excise     AT

Reversal of CENVAT Credit - when there was no recovery mechanism before 01.03.2013, therefore, no recovery can be affected and accordingly the present proceedings initiated under Rule 14 of Cenvat Credit Rules read with Rule 3(5B) of the Cenvat Credit Rules is liable to be dropped. - AT

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