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2016 (1) TMI 14 - AT - Central ExciseClaim of refund or suo-moto re-credit - Reversal of excess Cenvat credit wrongly - Held that:- It is a peculiar case where the appellant himself has reversed excess Cenvat credit which they want to take re-credit. For this excess reversal of Cenvat credit, only the account books/statutory records are the documents to be verified by the authorities below. This fact has not been disputed, therefore, we hold that appellant is entitled to take refund/re-credit of the excess amount Cenvat credit reversed by them. - refund claim filed by the appellant are allowed which will regularize the suo-moto Cenvat credit taken by the appellant. - Decided in favour of assessee.
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