Electricity Supplied to Sister Concern: CESTAT upholds Penalty on Reversal of Cenvat Credit [Read Order]

CESTAT upheld the penalty on reversal of cenvat credit in the matter regarding electricity supplied to sister concern

By Kalyani B. Nair - On January 19, 2024 12:00 pm - 2 mins read

CESTAT Ahmedabad - Cenvat Credit - Reversal of cenvat credit - Cenvat credit reversal - CESTAT - Sister concern electricity case - CESTAT electricity penalty - TAXSCAN

The Ahmedabad Bench of the Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ) upheld the penalty on reversal of cenvat credit in the matter regarding electricity supplied to sister concern. As regard the short reversal of Cenvat credit on electricity supplied to sister concern, the counsel for the appellants submitted that the demand…

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