Reversal of entire Cenvat Credit attributed to Input and Input Services used in Exempted Goods: CESTAT quashes demand of 10% of value of Exempted Goods [Read Order]

CESTAT quashed the demand of 10% of value of exempted goods on the reversal of entire cenvat credit attributed to input and input services used in exempted goods

By Kalyani B. Nair - On January 20, 2024 9:32 am - 2 mins read

CESTAT Ahmedabad - Cenvat credit reversal - Input Services in Exempted Goods - Exempted goods - taxscan

The Customs, Excise and Service Tax Appellate Tribunal ( CESTAT ), Ahmedabad Bench quashed the demand of 10% of value of exempted goods on the reversal of entire cenvat credit attributed to input and input services used in exempted goods. A show cause notice was issued to the Appellant inter-alia demanding an amount of Rs….

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