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2015 (10) TMI 1185 - CESTAT AHMEDABAD

2015 (10) TMI 1185 - CESTAT AHMEDABAD - TMI - Denial of CENVAT Credit - Reversal of CENVAT Credit - stocks of the semi-finished goods and stock of purchase - SSI Exemption - whether the Appellant while opting SSI exemption, they are required to reverse the CENVAT Credit on the stock of semi-finished goods (clinkers) and processed material lying in the factory as on 31.03.2007 - Held that:- Punjab & Haryana High Court in the case of CCE Chandigarh Vs. M/s C.N.C. Commercial Ltd - [2007 (10) TMI 20 .....

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nd utilized on the dutiable final products, need not be reversed on the final product becoming exempt subsequently. - impugned order cannot be sustained and it is set aside. - Decided in favour of assessee. - Appeal No.E/465/2012 - Order No. A/10688/2015 - Dated:- 27-5-2015 - MR. P.K. DAS, J. For The Appellant: Shri R. Subramanya, Advocate For The Respondent: Shri K. Sivakumar, Authorised Representative Per: P.K. Das After hearing both the sides and on perusal of the records, I find that the App .....

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a demand of duty of ₹ 1,23,477.00 alongwith interest and penalty. Learned Advocate submits that no amount of CENVAT Credit was lying in their CENVAT account on 31.03.2007. It is contended that they are not entitled to reverse the credit on stocks of the semi-finished goods and stock of purchase. 2. I find that that Hon ble Punjab & Haryana High Court in the case of CCE Chandigarh Vs. M/s C.N.C. Commercial Ltd - 2008 (224) ELT 239 (P&H) dismissed the appeal on the identical issue No .....

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