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2015 (10) TMI 1139 - CESTAT AHMEDABADCENVAT Credit - exemption under Notification No.30/2004-CE, dt.09.07.2004 - Held that:- Appellant has already reversed the credit lying in their CENVAT account before issue of the Show Cause Notice - It is consistently viewed by the Tribunal that the benefit of Notification No.30/2004-CE cannot be denied on the ground that CENVAT Credit was reversed after clearance of the goods. It is noticed that in the present case, the Appellant reversed the credit. We find that the Tribunal in the case of Omkar Textiles Pvt. Ltd (2013 (10) TMI 1298 - CESTAT AHMEDABAD) held that the quantum of CENVAT Credit reversed and there is no suppression of fact with intent to evade payment of duty and the extended period of limitation cannot be attracted. - Decided in favour of assessee.
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