Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2008 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2008 (10) TMI 511 - AT - Central ExciseInterest - Cenvat/Modvat - Irregular availment of credit on capital goods - Held that: - the respondents availed 100% credit in the financial year 2000-01 instead of 50% of credit. The respondents were entitled to utilize the balance 50% in the next financial year. No proceedings were initiated for alleged irregular availment of credit during the financial year 2000-01. So, the demand of interest under Section 11AB of the Act cannot be sustained without determination of demand of duty - appeal dismissed - decided against Revenue.
|