TMI Blog2016 (1) TMI 14X X X X Extracts X X X X X X X X Extracts X X X X ..... t books/statutory records are the documents to be verified by the authorities below. This fact has not been disputed, therefore, we hold that appellant is entitled to take refund/re-credit of the excess amount Cenvat credit reversed by them. - refund claim filed by the appellant are allowed which will regularize the suo-moto Cenvat credit taken by the appellant. - Decided in favour of assessee. - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... activity for job work as well as own purposes, the appellant is reversing proportionate Cenvat credit attributable to job work assigned to them. On the basis of consumption of inputs, the appellant has arrived at a formula to quantify the inputs used for job work activity and as per the formula the appellant is required to reverse Cenvat credit @ 0.0179 per square inch. During the impugned period ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rieved from the said order, the appellant is before us. 2. Heard the parties and perused the records. 3. It is the contention of the learned Counsel for the appellant that for job work goods, they followed the procedure under Rule 4 (5) (a) of Cenvat Credit Rules, 2004 and undertake the job work activity under Notification No. 214/86-CE dated 02/04/1986, although the appellant is not require ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appellant himself has reversed excess Cenvat credit which they want to take re-credit. For this excess reversal of Cenvat credit, only the account books/statutory records are the documents to be verified by the authorities below. This fact has not been disputed, therefore, we hold that appellant is entitled to take refund/re-credit of the excess amount Cenvat credit reversed by them. 5. In the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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