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2018 (6) TMI 1336 - AT - Central ExciseCENVAT Credit - effect of amendment dated 01.03.2011 - whether M/s Balsons Paint Industries (India) have failed to follow procedure by failing to pay an amount equal to 8% (for 2008-09 to April, 2009-July, 2009) and/or 6% (for September, 09-March, 2010 to 2010-11) of the value of exempt services, i.e. trading of raw material during the period 2008-09 to 2011-12? - Held that:- It is admitted fact, that credit attributable to trading activity w.e.f. 01/04/2011 have been reversed - Also, 'Debit Note' is a valid document for taking Cenvat credit, if it contains the relevant particulars - credit allowed - appeal dismissed - decided against Revenue.
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