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2014 (1) TMI 8 - AT - Central ExciseIneligible cenvat credit - Inputs used for the manufacturing of final product – Waiver of Pre-deposit – Held that:- The appellant considered their final product as liable for duty and paid the central excise duty on it and also availed the cenvat credit for the material period on the inputs on which central excise duty has been paid - If there is a discharge of duty liability, which is more than the cenvat credit availed - the appellant reversed the cenvat credit which is according to the first appellate authority is ineligible – Following MAHINDRA AND MAHINDRA LTD. Versus COMMR. OF C. EX., MUMBAI-V [2010 (12) TMI 403 - BOMBAY HIGH COURT ] - the appellant has made out prima facie case for the waiver of the pre-deposit of the amounts - Application for the waiver of pre-deposit of the balance amounts allowed till the disposal - Stay granted.
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