2007 (6) TMI 191

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..... Cenvat credit for the period from 10-9-2004 when the new Cenvat Credit Rules, 2004 came into effect – in view of impugned Circular & Tribunal’s decision in identical case, issue is settled in assessee’s favour – assessee’s appeals are allowed - ST/12-13/2007 - 722-723/2007 - Dated:- 22-6-2007 - Dr. S.L. Peeran, Member (J) Shri Rajagopal, Advocate, for the Appellant. Shri Anil Kumar, JDR .....

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..... the period from 10-9-2004 when the new Cenvat Credit Rules, 2004 came into effect. The issue has been fully settled in the assessee's favour by the Tribunal's judgment rendered in the case of Indian Rayon Industries Ltd. (supra) and clarification given by the Board's Circular No. 59/8/2003 dated 20-6-2003. However the Commissioner was not justified for not accepting their pleas. As the issue .....

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