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2018 (7) TMI 419 - AT - Central ExciseMODVAT credit - scope of remand order - Revenue neutrality - whether the de novo order has been passed as per the direction of this Hon’ble Tribunal regarding availability of Modvat credit during the disputed period, or not? - Held that:- The respondent assessee had produced the relevant records which substantiate beyond the doubt that modvat credit is available to them. Therefore whatever demand had been raised would be set off against the available Modvat credit. The benefit of modvat credit is available to the respondent assessee against demand raised against them in the aforesaid period and therefore, whole exercise will be Revenue neutral. Appeal dismissed - decided against Revenue.
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