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2019 (6) TMI 121 - AT - Central ExciseRectification of Mistake - CENVAT Credit - N/N. 14/97-CE (NT) dated 03.05.1997 - HELD THAT:- The issue involved relates to Notification No. 14/1997-CE (NT), restricting the admissibility of Cenvat credit in certain circumstances. Notification No. 14/97-CE (NT) dated 03.05.1997 was held to be illegal by the High Court of Gujarat, Hon'ble High Court in the case of GUJARAT NARMADA VALLEY FERTILIZER CO. LTD. VERSUS UNION OF INDIA [2012 (12) TMI 1117 - GUJARAT HIGH COURT]. In the instant case, there is no dispute that duty has been paid at the rate 15% ad-valorem. It is seen that in the absence of the benefit of ratio of the decision of the Hon'ble High Court in the case of GUJARAT NARMADA VALLEY FERTILIZER CO. LTD. VERSUS UNION OF INDIA [2012 (12) TMI 1117 - GUJARAT HIGH COURT] came to a contrary conclusion. ROM Application allowed.
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