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2018 (3) TMI 1380 - AT - Central ExciseRe-credit/refund of interest paid - whether the appellants are entitled to re-credit of duty of ₹ 3,67,713/- and refund of ₹ 80,904/- paid as interest on account of various issues/ objections raised by the audit? - Held that: - undisputedly the appellant had received input materials against Invalidation letter issued by DGFT as per N/N. 44/2001-CE(NT) dated 26.06.2001, however the condition laid down under clause-(ii) and (xii) of the said Notification had not been complied with - the appellant are not eligible to avail the benefit of said Notification and consequently the re-credit of ₹ 1,94,897/- is irregular and the interest paid on the said irregular credit is also recoverable. Appeal allowed - decided in favor of appellant.
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