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2018 (10) TMI 891 - AT - Central ExciseUtilization of credit on AED(GSI) for payment of Basic Excise Duty - introduction of explanation to Rule 3(6) of the Cenvat Credit Rules w.e.f. 1-3-2003 - whether utilization of accumulated credit of of AED(GSI) towards payment of Basic Excise Duty on their final products is correct? - Held that:- The issue is squarely covered by the decision in the case of COMMISSIONER OF C. EX., MUMBAI-III VERSUS CEAT LTD. [2010 (3) TMI 621 - CESTAT, MUMBAI], where it was held that the impugned credit has been legitimately earned by the assessee procurement of inputs on payment of duty and used for payment of duty following the amendment of Cenvat Credit Rules 2002, under Budget 2003 - appeal allowed - decided in favor of appellant.
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