Contact us   Feedback   Subscription   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
Extracts
Home List
← Previous Next →

2016 (5) TMI 996 - CESTAT NEW DELHI

2016 (5) TMI 996 - CESTAT NEW DELHI - TMI - Recovery of Cenvat credit - sponge iron not used in the manufacture of final product as they were lost in fire - received amounts through insurance claim against loss due to fire - Held that:- no evidence or verification has been discussed to support the case of denial of Cenvat credit by the Revenue. As per the statutory records of raw materials and as per claim of the appellant the said raw materials have been used for intended purpose. The compensat .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ot sustainable and set aside. - Decided in favour of appellant - E/50220 of 2016 - Final Order No. 51729/2016-SM[BR] - Dated:- 3-5-2016 - B. Ravichandran, Member (Technical) For the Appellant : Shri Alok Barthwal Advocate For the Respondent : Shri M.P. Sharma, Authorized Representative (DR) ORDER The appeal is against order dated 05/11/2015 of Commissioner (Appeals), Raipur. The brief facts of the case are that the appellants are engaged in manufacture of Ingots, Angles, MS Rounds etc. liable to .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

nal Authority confirmed recovery of credit of ₹ 1,12,352/- and imposed equal amount of penalty. On appeal vide the impugned order the Commissioner (Appeals) upheld the said order. Aggrieved by this, the appellant is in appeal. 2. Learned Counsel for the appellant submits that as evident from the raw material account there is no loss or clearance of raw material from their unit. All raw materials have been used for the intended purpose. The insurance claim is for damage of quality of the ra .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 



|| 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