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2017 (3) TMI 591 - AT - Central ExciseDeemed CENVAT credit - clearances made by the appellant and demand of Cenvat credit related thereto is in respect of goods manufactured before 1-5-2001 and was lying in stock as on 30-4-2001. The said stock was cleared subsequently on payment of duty on advaloram basis for the reason that the special procedure prescribed under Rule 96ZNA to 96ZND of Central Excise Rules, 1944 - Held that: - the stock of goods manufactured prior to 1-5-2001 and cleared thereafter, assessee is entitle for credit on input used as such - the appellant has rightly availed deemed Cenvat credit in respect of goods manufactured prior to 1-5-2001 and cleared thereafter on payment of duty on advolram basis - appeal allowed - decided in favor of appellant.
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