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2014 (8) TMI 405 - CESTAT CHENNAICENVAT Credit - Whether duty paid on the Furnace Oil used as input could be availed of as credit under Modvat scheme as envisaged under Rule 57B of the erstwhile Rules - Held that:- in terms of Rule 57B as amended, the appellant would be entitled to take credit in respect of Furnace Oil for the amount actually paid on account of specified duty during the period Mar.’97 to Feb.’99. In the present case, the Commissioner (Appeals) following the decision of the Hon’ble Supreme Court in the case of M/s. Jindal Poly Films Ltd. [2006 (4) TMI 129 - SUPREME COURT OF INDIA] rightly allowed the credit for the period 01.03.1997 to 03.05.1997 and upheld the demand for the period 23.07.1996 to 28.02.1997 - Decided partly against assessee.
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