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2007 (12) TMI 332 - AT - Central ExciseCenvat/Modvat credit - Inputs - Board Circular No. 831/8/2006-CX. dated 26-7-2006 - Held that: - the Board categorically clarified that the retrospective amendment is aimed at regularizing availment of credits at two stages. As such, the appellant’s case is squarely covered by the Taxation of Laws (Amendment) Act, 2006 and Board’s Circular dated 26-7-2006 - The retrospective amendment in Rule 16 is aimed at facilitating “wire drawing units”, which had paid a sum equal to the duty leviable on “drawn wire“ after availing the credit of duty paid on inputs for the said period. It is aimed at regularizing availment of credits at two stages and payment of an amount representing duty at one stage - appeal allowed - decided in favor of appellant.
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