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2017 (10) TMI 844 - CESTAT CHENNAICENVAT credit - Capital goods - various iron and steel items used by them either as supporting structurals or for manufacture of components for the other capital goods, to be used in their chemical plant - time limitation - Held that: - the appellant kept their right to claim the credit, in abeyance. It was the accumulated credit, which was not being availed during the relevant period, on account of the legal proceedings having been initiated against them - such an action on the part of the assesse, with the stand taken as per the advice of the jurisdictional officers, would not subsequently attract the limitation prescribed under Rule 4(1) of the Cenvat Credit Rules. The said rules were amended with effect from 01.03.2015. Whether the same would be applicable retrospectively or prospectively is an issue required to be considered - appeal allowed by way of remand.
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