Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2014 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (2) TMI 322 - CESTAT MUMBAIAvailment of CENVAT Credit - Commissioner set aside demand - Held that:- Although the Circular No. 720/36/2003/CEX-4 dated 29.5.2003 spells out that drawing of steel wire from wire rods are not required to pay duty and the buyers of S.S. wire are not entitled to take credit but the said Circular was over-ruled by a Circular 831/1/2006-C.X., dated 26.07.2006 wherein it has been clarified that the sum paid by the wire drawing unit in such cases will be treated as duty and shall be allowed as credit to the buyer of drawn wire as per the amendment took place in the Budget 2004. Further, vide Notification No.28/2010-C.E. (N.T.) dated 01.09.2010, it has been again clarified that CENVAT credit taken by the buyer of wires upto 8.7.2004, credit cannot be denied - Decided against Revenue.
|