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2014 (2) TMI 1010 - AT - Central ExciseWaiver of pre deposit - Availment of CENVAT Credit - manufacture of computers system and is also engaged in the trading - input services i.e Management, maintenance and repair service, software services - Held that:- In respect of the credit attributable to the trading activity, we do not find any merit in the submissions of the learned counsel for the applicant because the applicant should not have taken or at least reversed it on his own. There is no submission that they have made any reversal either at Bangalore or Pondicherry. The matter under consideration is credit taken at Pondicherry. So it is appropriate that the portion attributable to trading is ordered to be reversed immediately. Therefore, we order the applicant to make a pre-deposit of Rs.1.7 crores in respect of Appeal - Conditional stay granted.
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