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2014 (6) TMI 687 - AT - Central ExciseDenial of refund claim - Removal of the used capital goods without payment of duty - Subsequent reversal of the entire amount of credit originally taken on the said capital goods under protest - Held that:- Reversal of CENVAT credit of 2.5% for each quarter of an year from the date of taking of CENVAT credit on capital goods. - matter should be examined in the light of the decision of the Larger Bench of the Tribunal in the case of Navodhaya Plastic Industries Ltd. (2013 (12) TMI 82 - CESTAT CHENNAI). Accordingly, I set aside the impugned orders and remand the matter back to the adjudicating authority to decide the matter afresh - Decided in favour of assessee.
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