2013 (11) TMI 22

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..... he appellant allowed - Following CCE Coimbatore Vs Lakshmi Technology and Engineering Industries Ltd. [2011 (2) TMI 1275 - CESTAT, CHENNAI] - no separate account is required for credit of duty taken on inputs and input services and the assessee was allowed the benefit – Decided in favour of Assessee. - E/26035/2013 - - - Dated:- 19-7-2013 - B S V Murthy, J. For the Appellant : Mr Lali Moha .....

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..... of the appellant that there is no need for maintaining separate accounts and allowed the credit of service tax paid by the contractors and utilized for payment of excise duty by the appellant. On an appeal filed, by the Revenue, the Commissioner (Appeals) allowed the appeal of the department and hence the appellant is before this Tribunal seeking waiver of predeposit and stay. 3. After hearing b .....

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..... e of Commissioner of Central Excise Coimbatore Vs Lakshmi Technology and Engineering Industries Ltd. In both the cases, the Tribunal held that no separate account is required for credit of duty taken on inputs and input services and the assessee was allowed the benefit. Since the issue is no longer res integra and covered by the precedent Tribunal decisions, the appeal is allowed with consequentia .....

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