CESTAT quashes demand as appellant Suo-Motto reversed Proportionate CENVAT Credit with Interest

Neelachal Ispat Nigam Limited Vs Commissioner of CGST & CX (CESTAT Kolkata) Introduction: In a recent ruling by the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) in Kolkata, Neelachal Ispat Nigam Limited found itself at the center of a tax dispute. The CESTAT decision pertained to the confirmation of an amount due to the non-maintenance of separate records of inputs and input services used by the appellant in the manufacturing of both dutiable and exempted products. This article explores the intricacies of the case and the CESTAT Kolkata’s verdict. Background of the Ca...