CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL MUMBAI REGIONAL BENCH, COURT NO. 5 (Arising out of Order-in-Appeal No. PUN-CT-APP-II-000072-2020-21 dated

29.01.2021 passed by the Commissioner (Appeals-II) Pune.)

M/S. BHIMA SAHAKARI SAKHAR KARKHANA LTD Appellant MADHUKAR NAGAR, PATAS, TAL-DAUND, DIST. PUNE-412219 Vs.

THE COMMISSINER CGST -PUNE-I

41-A, ICE HOUSE, OPP. Respondent WADIA COLLEGE, SASSOON ROAD, PUNE-411001. Appearance:

Shri Abhiram S. Apte, Advocate present for the Appellant.

Shri Rajiv Ranjan, Assistant Commissioner, Authorised Representative for the Respondent.

CORAM:

HON'BLE Dr. SUVENDU KUMAR PATI, MEMBER ( JUDICIAL )

FINAL ORDER NO. A/85036/2026 Date of Hearing : 09.12.2025 Date of Decision: 22.01.2026 Denial of Cenvat Credit of Rs. 3,38,796/- and order for its recovery under Rule 14(1)(ii) of the Cenvat Credit Rules 2004 (CCR) alongwith appropriate interest and equal penalty imposed under Rule-14 and Rule-15 (2) of the Cenvat Credit Rules, that received affirmative confirmation from the Commissioner (Appeals), vide his above referred order is assailed by the assessee appellant before this forum.

2. Fact of the case, in a nut shell, is that appellant is a manufacturer of suga