Cenvat Credit of Input Sponge Iron, Utilized in Manufacturing of Finished Goods of Pig Iron: CESTAT quashes Penalty on Director [Read Order]

Cenvat credit - input Sponge Iron - utilized in manufacturing - finished goods of Pig Iron - CESTAT - excise - customs - service tax - taxscan

The Kolkata Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT), quashed penalty on Director as the Cenvat credit of input Sponge Iron was utilized in the manufacturing of the finished goods of Pig Iron. The officers of the department visited the factory of the appellant, M/s. Anjaney Ispat Limited and it was…

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