2014 (3) TMI 132 - AT - Central Excise

Reversal of CENVAT Credit - Held that - Following decision of decision of the Tribunal in the case of Commissioner of Central Excise Vadodara Vs. Asia Brown Boveri Ltd. reported in 2000 (7) TMI 110 - CEGAT NEW DELHI and in the case of Commissioner of Central Excise Coimbatore Vs. American Auto Service reported in 1995 (6) TMI 33 - CEGAT MADRAS where the Tribunal held that in case of input or capital goods were cleared as such the manufacturer to reverse the credit in view of the provisions of Rule 57AB of the Central Excise Act 1944 - Decided in favour of assessee.

Summary

The appeal was filed against the demand of Rs.3,08,664/- with interest, which was confirmed. The appellant cleared inputs and capital goods by reversing the credit availed. The Tribunal's decision in previous cases supported the appellant's actions, leading to the appeal being allowed and the impugned order set aside.