CVD Rate Irrelevant for Cenvat Credit; Eligibility Depends on Nature of Levy: CESTAT Chennai

India Cements Ltd. Vs Commissioner of GST and Central Excise (CESTAT Chennai) The appeal before the CESTAT Chennai arose from an order passed by the Commissioner of Central Excise & Service Tax, Trichy, confirming demand of CENVAT credit amounting to ₹3.63 crore along with interest and penalty of ₹2.42 crore under the CENVAT Credit Rules, 2004 and related provisions. The dispute pertained to availment of CENVAT credit on Countervailing Duty (CVD) paid on imported steam coal at concessional rates of 1%/2% under Notification No. 12/2012-Cus, as amended. The Department denied credit on th...