2014 (1) TMI 955

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..... n filed by the appellant seeks waiver and stay in respect of the adjudged dues which include an amount of Rs.31,05,981/- denied as CENVAT credit for the period from 1996 to 1999 and 2004. The denial of credit pertains to capital goods (steel structurals) which were used by the appellant to fabricate a blast furnace. The factory was set up in 2004 and trial production was started in February 2004. .....

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..... Department by the appellant in a detailed letter dt. 10/05/2004. A full statement of the MODVAT credit was also furnished with that letter. Therefore, the demand raised on 12/09/2008 is heavily time-barred. We have heard the learned Superintendent (AR) also who submits that the first return filed by the party was for the month of February 2005 and the same showed the opening balance as 'nil'. Cont .....

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