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2018 (4) TMI 1311 - AT - Central ExciseInterest on late reversal of CENVAT credit - sale of readymade garments in respect of their own manufactured goods as well as trading goods - Rule 6(3A)(e) of Cenvat Credit Rules, 2004 - Held that: - The provision u/r 6(3A)(e) of CCR for interest is in respect of amount payable under the provision of Rule 6(3A), aforesaid provision is explicit, therefore in terms of Rule 6(3A) (e) of Cenvat Credit Rules, 2004 interest is legally chargeable - in terms of Rule 6(3A) (e) of CCR 2004, appellant is liable to pay interest on the amount of ₹ 81,75,709/-. Extended period of limitation - Held that: - Once the amount admittedly reversed, interest shall be chargeable as piggy back of the principal amount, therefore appellant cannot get relief on limitation. Appeal dismissed - decided against appellant.
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