CESTAT Mumbai Sets Aside CENVAT Credit Demand & Penalty After Voluntary Reversal During Audit

Advertisement Hindustan Construction Company Ltd. Vs Commissioner of CGST (CESTAT Mumbai) The dispute before the CESTAT Mumbai concerned recovery of ₹11,05,642/- of CENVAT credit, along with equal penalty, under Section 73(1) of the Finance Act, 1994 read with Rule 15(3) of the CENVAT Credit Rules, 2004. The Appellant, engaged in services such as works contract, renting of immovable property, supply of tangible goods, construction and manpower supply, had availed CENVAT credit on services including rent-a-cab, car repair, health insurance, outdoor catering and insurance for the Jammu high...