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2011 (3) TMI 323 - CESTAT, AHMEDABADWaiver of pre-deposit - Appellants received inputs from an 100% EOU - Rule 3(7) of Central Excise Rules - modvat credit excess taken and subsequently reversed - Refund claims - Refund claims filed by the appellants to the extent of Rs. 5,84,098/- stands sanctioned by the original adjudicating authority. As such, it is the contention of the appellants that they were required to reverse only an amount of Rs.1,04,931/- The interest, if any, is required to be confirmed is only in respect of the above amount - Learned advocate does not dispute that interest is required to be paid by them but submits that matter be remanded for re-quantification of amount - set-aside the impugned order and remand the matter to original adjudicating authority for re-quantification of interest amount on the modvat credit excess taken by the appellant and subsequently reversed by them
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