Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2017 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2017 (2) TMI 613 - AT - Central ExciseCENVAT credit - manufacture of Yeast classifiable under Tariff Item No. 21022000 of the schedule to Central Excise Tariff Act, 1985 - Held that: - there is no co-relation of raw material and final product - there cannot be reversal of credit unless it is irregularly taken. The said SCN has not made any allegation in respect of credit except credit of ₹ 2,27,130/- that the credit was taken irregularly. Therefore, we find that Cenvat credit except ₹ 2,27,130/- was not liable to be recovered. Therefore, we hold that the impugned Order-in-Original is sustainable to the extent of denial of Cenvat Credit of ₹ 2,27,130/- and remaining part of the said order is set aside including penalty on the appellant - appeal partly allowed - decided partly in favor of appellant.
|