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2022 (5) TMI 1240 - AT - Central ExciseAvailing CENVAT credit while availing the benefit of exemption N/N. 30/04-CE denied - major input i.e. yarn used for manufacture of exempted and duty paid goods - manufacture of Terry Towels - suppression of material facts or not - invocation of extended period of limitation - HELD THAT:- The issue is squarely covered by the decision of this Tribunal in the case of M/S MANGAL TEXTILE PVT. LTD. VERSUS CCE AHMEDABAD-I [2010 (12) TMI 318 - CESTAT, AHMEDABAD] where it was held that appellant having reversed the major part of the credit and having offered to reverse the balance credit, entitled to benefit of Notification No.30/94. There are no hesitation in allowing the appeal filed by the appellant in this case also - appeal allowed - decided in favor of appellant.
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