Rule 6(3) of CCR inapplicable if wrongly taken credit was reversed subsequently: CESTAT [Read Order]

Rule 6(3) of CCR - inapplicable if wrongly taken credit was - reversed subsequently CESTAT -taxscan

The Ahmedabad  Bench of Customs, Excise and Service Tax Appellate Tribunal (CESTAT) has held that Rule 6(3) of Cenvat Credit Rules is inapplicable if wrongly taken credit was reversed subsequently The issue involved whether the Adjudicating Authority was right in confirming an amount equivalent to 5%/ 10% of the value of exempted goods when the…

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