Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2016 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (9) TMI 684 - AT - Central ExciseCenvat Credit - pre-mature credit on input services - credit availed before making payment - Scope of Rule 4(7) of Cenvat Credit Rules, 2004 - Held that:- Merely because the respondent have made an entry in their records prior to the date when the credit became due to them, would not result in denial of the credit. Similarly, if the credit has not been utilized by them prior to the said date of admissibility; no demand of interest can be made against them and no penalty can be imposed. Cenvat credit being a substantial benefit cannot be disallowed on the technicalities. - Decision in the case of CCE, Surat II vs. White En-All Pvt. Ltd [2003 (10) TMI 533 - CESTAT, MUMBAI] followed - Decided in favor of assessee.
|