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2014 (6) TMI 651 - AT - Central ExciseReversal of CENVAT Credit - Clearance of old and used capital goods to their other units on payment of duty on the transaction value - Held that:- Larger Bench of the Tribunal in the case of CCE Vs. Navodhaya Plastic Industries Ltd. - [2013 (12) TMI 82 - CESTAT CHENNAI], following the decision of the Hon’ble Madras High Court in the case of CCE Vs. Rogini Mills Ltd. - [2010 (10) TMI 424 - MADRAS HIGH COURT], held that reversal of CENVAT credit of 2.5% for each quarter of an year from the date of taking of CENVAT credit - matter should be examined in the light of the Larger Bench of the Tribunal in the case of Navodhaya Plastic Industries Ltd. (supra). Accordingly, I set aside the impugned orders and remand the matter back to the adjudicating authority to decide the matter afresh after considering the decision of the Larger Bench in the case of Navodhaya Plastic Industries Ltd. (supra) - Decided in favour of assessee.
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