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2014 (12) TMI 579 - AT - Central ExciseCENVAT Credit - inputs used for the manufacture of goods on job-work basis - Held that:- Lower appellate authority's order is based on the Larger Bench decision in the case of Sterlite Industries (I) Ltd. Commissioner of Central Excise, Pune [2004 (12) TMI 108 - CESTAT, MUMBAI] wherein it has been held that "MODVAT credit of duty paid on inputs used in the manufacture of final product cleared without payment of duty for further utilisation in manufacture of final product, which are cleared on payment of duty by principal manufacturer, would not be hit by provisions of Rule 57C" and the said decision dealt with a job-work situation. The Larger Bench decision was challenged by the Revenue before the hon'ble Bombay High Court and the High Court dismissed the appeal of the Revenue as reported in [2008 (8) TMI 783 - BOMBAY HIGH COURT] Therefore, the impugned order is in accordance with the law and merits to be upheld - Decided against Revenue.
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