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2014 (1) TMI 627 - AT - Central ExciseDenial of cenvat credit - SS sheets, Plates, Channels, Bars, Beams - Benefit of exemption under 67/95 - Waiver of Pre-deposit – Held that:- Names of fabricated items and the quantity of HR/SS plates used in fabricating these items have been given - there are several items fabricated by the appellants which appear to be components/accessories and therefore the definition of ‘inputs’ appear to apply for the same - The appellant and their failure to mention the items manufactured within the factory in the ER-1 return would render them ineligible for the CENVAT credit and would make them liable for demand of CENVAT credit availed by them by invoking extended period – Following Vandana Global Ltd. Versus CCE [2010 (4) TMI 133 - CESTAT, NEW DELHI (LB)] - the amount already deposited by the appellant is sufficient for the purpose of hearing the appeal - the requirement of pre-deposit on balance waived till the disposal – Stay granted.
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