CESTAT Mumbai Upholds SAD Credit Demand Due to Non-Reversal on Inputs

Thermo Fisher Scientific India Pvt. Ltd. Vs Commissioner of CGST & Central Excise (CESTAT Mumbai) The Mumbai Bench of the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) dismissed the appeals filed against confirmation of demand, interest, and equal penalty relating to non-reversal of Cenvat credit on the Special Additional Duty (SAD) component while transferring imported inputs “as such” from one manufacturing unit to another under Rule 3(5) of the Cenvat Credit Rules, 2004. The dispute involved transfers made between March 2016 and January 2017, where the assessee reverse...