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2012 (12) TMI 506 - AT - Central ExciseWaiver of pre-deposit - denial of cenvat credit – Held that:- applicant purchased certain quantity of duty paid grey fabrics and sent to M/s. Natraj Processors for processing. M/s. Natraj Processors availed credit in respect of the duty paid on grey fabrics and subsequently, without undertaking any processing, cleared the grey fabrics to the applicant under their invoices showing payment of duty - applicant availed credit on the strength of invoices issued by M/s. Natraj Processors - at the time of clearance of grey fabrics M/s. Natraj Processors, no duty has been paid or reversed - which was paid subsequently after three years - supplier of goods as well as the applicant unit have common Directors, hence, it cannot be said that the applicant unit was not aware of the fact that the supplier unit has not paid the duty - No financial hardship has been pleaded – assessee directed to make pre-deposit
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