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2014 (10) TMI 188 - AT - Central ExciseExemption benefit under Notification No.22/2003-CE, dated 31.03.2003 - receipt of the inputs without payment of Central Excise duty under CT-3 Certificate - Held that:- Main contention of the applicant is that they have cleared the final products ‘Warp Rings’, after value addition on payment of duty of ₹ 13,70,551/-. In any event, if the applicant paid duty on the inputs, they could have availed Cenvat credit on the clearances of the final products. The learned Authorised Representative on behalf of the Revenue submits that they have mis-declared the description of the final products as valve. They camouflaged of clearances of Warp Rings, which is originally displayed as a textile weaving machinery parts as manufactured by them - Prima facie, applicant procured inputs without payment of duty under CT-3 Certificate and used in the manufacture of the final products and cleared on payment of duty. It is seen that the applicant paid duty on the clearance of the finished goods, more than the amount as demanded herein - Stay granted.
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