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2014 (4) TMI 8 - CESTAT CHENNAIReversal of CENVAT Credit - Value of goods written off in books of accounts - Held that:- Goods have been used in the manufacture of excisable goods, subsequent to issue of impugned order - during the relevant time rules did not require reversal of credit when value of inputs was only partially written off. In respect of work in progress also we see merit in the argument of the appellant because the goods are used in manufacturing activity once it reaches the stage of work-in progress - In view of subsequent developments claimed by the appellant, which are relevant for determining liability, the impugned order is set aside and the matter is remanded to the adjudicating authority for verification of claims on facts and deciding afresh on the legal issues raised - Decided in favour of assessee.
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