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2017 (5) TMI 327 - AT - Central ExciseMODVAT Credit - inputs used in the manufacture of exempted goods - N/N. 15/1994-CE - the Appellant had reversed the proportionate CENVAT Credit on the inputs attributable to the products cleared from the factory, claiming benefit of exemption N/N. 15/1994-CE, dt.1.3.94 - Held that: - The very same issue has been considered by Hon'ble Allahabad High Court in Hello Mineral Water (P) Ltd [2004 (7) TMI 98 - ALLAHABAD HIGH COURT], where it was held that petitioner is thus entitled to the benefit of the said Notification No.15/1994-CE, dated 1-3-2004 and reversal of Modvat credit on the inputs namely PVC granules used in the manufacture of PVC/PP bottles, which have been admittedly reversed by the petitioner, even though after clearance of the final product - appeal dismissed - decided against Revenue.
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