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2014 (1) TMI 164 - CESTAT AHMEDABADNon-reversal of Cenvat credit – Inputs lying in stock – Benefir of SSI Exemption Notification No.8/2003 – Waiver of Pre-deposit – Held that:- The provisions of Rule 11(2) of CENVAT Credit Rules, 2004 specifically provides for payment of amount of CENVAT Credit availed by the appellant on the inputs which are lying in stock on the date of opting of benefit of Nil rate of duty under SSI exemption notification - the appellant has not made out prima facie case in their favour – appellant directed to deposit of approx.. Rupees One lakh and fifty three thousands as pre-deposits – upon such submission rest of the duty to be waived till the disposal – Partial Stay granted.
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