Reversal of Cenvat credit at appellate stage before CESTAT complies notification no. 5/2006-CE 

Acme Ceramics Vs C.C.E. & S.T. (CESTAT Ahmedabad)

CESTAT held that reversal of credit and payment of interest thereon, can be adjusted from the payment of Rs. 2 lacs already made by the appellant. We find that the Tribunal/Court in the judgments cited by the appellant held that even if the assessee agreeing to reverse the cenvat credit availed at the stage of appeal before the tribunal, then also the condition of the Please become a Premium member. If you are already a Premium member, login here to access the full content.