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2014 (7) TMI 921 - HC - Central ExciseCenvat / Modvat Credit - Clandestine removal - allegation that the appellant had in fact purchased raw material in 27 third parties names and utilized the said raw material in manufacture of a dutiable product and cleared the finished product without payment of duty. - The modvat credit is sought to be denied to the appellant on the ground that the appellant had involved in suppressing the turnover. - Held that:- A perusal of the Rules would show that there is no rule prohibiting extending the benefit of modvat credit in a case where it is found that there was a suppression of manufacture and clearance of dutiable goods. - modvat credit to the extent of input utilized in manufacture of dutiable finished product is leviable and the benefit of the same cannot be denied. - Decided in favor of assessee.
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