CESTAT Quashes Excise Demand as Reversed Credit Cannot Be Treated as Availed Credit

Hindustan Zinc Limited Vs Commissioner of Central Excise & CGST (CESTAT Delhi) CESTAT Delhi allowed the appeals filed by a manufacturer of zinc ingots and lead products against demands raised under Rule 6 of the CENVAT Credit Rules relating to electricity generated in its captive power plant and partly transferred to its sister concern and a power distribution company. The Department alleged that the appellant had availed CENVAT credit on inputs, capital goods, and input services used in the generation of electricity and had failed to maintain separate records for exempted and dutiable pro...