CESTAT Upholds Order of Dropping Demand of CENVAT Duty from assessee on ground of Genuine Disclosure of Input-Output Ratio [Read Order]

CESTAT - Dropping - Demand - CENVAT - Duty - assessee - ground - Genuine - Disclosure – Input – Output – Ratio TAXSCAN

The Kolkata bench of the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) upheld the order of dropping the demand of CENVAT duty from the assessee on the ground of the genuine disclosure of the input-output ratio.  Jai Balaji Industries Limited, the appellant assessee appealing against the penalty imposed by the adjudicating authority on the…

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