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2014 (3) TMI 1 - AT - Central ExciseDemand of interest - Cenvat Credit on capital goods when finished goods exempted later - Interest for the intervening period - Capital Goods cleared later - Held that:- when the capital goods were procured by the appellant they were entitled to take credit and product was dutiable. Although the product became duty free on 09.07.2004 but there was no bar for capital goods to reverse the credit on said date and thus capital goods have been cleared on payment of duty. As there is no duty liability on 09.07.2004, the appellants were not required to pay interest for the intervening period - Decided in favour of assessee.
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