Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2013 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 675 - AT - Central ExciseReversal of cenvat credit under Rule 3(5) of Cenvat credit Rules,2004 – Waiver of Pre-deposit – Held that:- The applicants are only inspecting the goods purchased which any prudent buyer of any goods does and hence, the activity is not manufacture - The applicants are only an intermediary to procure goods and supply to 100% EOUs, thereby stripping CENVAT credit available on the goods for the use by appellants – Following Lakshmi Automatic Loom Works Ltd. Vs Commissioner of Central Excise, Trichy [2008 (10) TMI 57 - CESTAT CHENNAI] – credit was to be reversed – Thus, the applicant directed to pre-deposit a sum of Rupees Fifteen Lakhs as pre-deposit – upon such submission rest of the duty to be stayed till the disposal – Partial stay granted.
|