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2017 (5) TMI 507 - CESTAT CHANDIGARHReversal of MODVAT credit - opting out of MODVAT credit scheme - it was found the figures of reversal of credit were not matching with the figures of balance sheet - the sole ground for filing the appeal by the Revenue is that the Commissioner (Appeals) has not examined the books of accounts - Held that: - the books of accounts were examined by the Commissioner (Appeals) where the stock position of 31.3.1997 and 31.3.1998 was with the department itself which shows that on the inputs in question, the respondent has not taken the credit - When the certificate is on record, the Commissioner (Appeals) has rightly set aside the demand against the respondent, therefore, there is no infirmity with the impugned order - appeal dismissed - decided against Revenue.
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