Reversal of CENVAT Credit on non-moving inventory under general provision is not valid: CESTAT [Read Order]

Reversal - CENVAT - Credit - on - non - moving - inventory - under - general - provision - is - not - valid - CESTAT - TAXSCAN

The Delhi Bench of the Customs, Excise & Service Tax Appellate Tribunal (CESTAT) has held that the reversal of CENVAT Credit on the non-moving inventory under general provision is not valid. M/s Jaisawal Neco Industries Ltd, the Appellant engaged inter alia in the manufacture of pig iron, iron ore pellets, sponge iron, M.S. Billets, Alloy…

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M/s Jaisawal Neco Industries Ltd vs Principal Commissioner of Central Tax & Central Excise

Counsel for Appellant:   Mr. Hemant Bajaj & Ms. Sukriti Das

Counsel for Respondent:   Ms. Tamanna Alam


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