Cenvat Demand Set Aside as Proportionate Credit Reversal Satisfied Rule 6 Requirements

Jayaswal Neco Industries Limited Vs Principal Commissioner (CESTAT Delhi) The appeals before the Tribunal were filed by both the assessee and the Revenue against the same adjudication order. The assessee is engaged in the manufacture of sponge iron, pig iron, and billets, using iron ore and coal/coke as inputs. It availed Cenvat credit on inputs and input services such as goods transport agency services, cargo handling services, security services, repair and maintenance services, and manpower recruitment services used in manufacturing. The assessee also operated five captive power plants withi...