Subscription   Feedback   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Articles Highlights TMI Notes SMS News Newsletters Calendar Imp. Links Database Experts Contact us More....
Extracts
Home List
← Previous Next →

Hinduja Foundries Ltd Versus Commissioner of Central Excise, Chennai-I

2015 (10) TMI 1343 - CESTAT CHENNAI

Denial of CENVAT Credit - Capital goods - Held that:- Credit was disallowed only on the premise that the original equipment was purchased in 1991 where no credit scheme was in force. Prima facie , I find that there was no such provision in Cenvat rul .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

edit on capital goods purchased in 2006. Prima facie , appellants have made out a case for waiver of predeposit of demand in question. Accordingly, predeposit of dues arising out of the impugned order is waived and recovery thereof stayed during pend .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

elates to denial of capital goods credit on the spare parts, purchased for replacement of the damaged parts caused due to a fire accident in 2006. 2. Ld. Advocate submits that the original capital goods were purchased in the year 1991 and no modvat c .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

th credit availed on the spares parts purchased in the year 2006 as they have not availed capital goods credit on the equipment imported in 1991. The spares parts purchased in 2006 are covered under Central Excise Rules, 2000. There is no provision t .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

what is new what is new
  ↓     bird's eye view     ↓  


|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version