Claim of Reversal of Proportionate Cenvat Credit on Electricity Sold: CESTAT Remands Matter to Commissioner (Appeal) [Read Order]

CESTAT remanded the claim of reversal of Cenvat Credit on electricity to the commissioner for re-adjudication
CESTAT - Customs - Excise - service tax - appellate - tribunal electricity - TAXSCAN

The Chandigarh bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) remanded the matter to the Commissioner (Appeal) to consider the claim of Reversal Only on Proportionate Cenvat Credit. M/s Indian Acrylics Ltd, the appellant is engaged in the manufacture of Acrylic Fibre, Tow & Tops falling under Chapter 55 of the First…

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