Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2013 (12) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (12) TMI 1082 - CESTAT KOLKATADenial of Cenvat credit - Goods Inputs and/or Capital goods under Rule 2 (k) and Rule 2 (a) of the Cenvat Credit Rules, 2004 – Waiver of Pre-deposit – Held that:- The Applicant had availed the CENVAT Credit on ‘Rails’ initially claiming it as capital goods and later as inputs - The applicant had contended that initially they claimed the rails as capital goods and accordingly, capitalized the same in the Books of Accounts, but for the subsequent periods, the rails were claimed as inputs under Rule 2 (k) of Cenvat Credit Rules, 2004 - Following M/s. SAIL, DURGAPUR STEEL PLANT Versus COMMISSIONER OF CENTRAL EXCISE, BOLPUR [2013 (11) TMI 1411 - CESTAT KOLKATA] - the applicant directed to deposit 25% of the cenvat credit as pre-deposit – upon such submission rest of the duty to be stayed till the disposal – Partial stay granted.
|