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 →

M/s Hi-Tech Blow Moulders Pvt. Ltd. Versus Commissioner of Central Excise, Bangalore-I

2016 (6) TMI 470 - CESTAT BANGALORE

Cenvat Crediti - processing on the barrels to convert into final product, by fixing of injection moulded caps, inners, etc was not amount to manufacture - reversal of credit - Held that:- The appeals can be disposed of on legal grounds that credit having been utilized by the appellant for payment of duty for their final product and thus not require any further reversal. It has been the subject matter of various decisions that once the duty of Excise is paid by utilizing the credit availed by an .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

dit availed on the inputs which were allegedly used for payment of duty on the final product, which cannot be held to be a manufactured product, would not call for further reversal. - Inasmuch as we hold in favour of the assessee on the main issue, and the issue of reversal of credit on account of non-receipt of inputs sent to the job worker within a period of 180 days is a procedural lapse and inasmuch as the credit has been reversed along with interest even before the issue of show-cause .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

ting the job-work for the principal manufacturer and manufactures containers/barrels out of the granules received by them from the principal manufacturer. These barrels are cleared by them to the principal manufacturer on the job-work bills. The principal manufacturer again raises the Excise bill, pays duty of Excise and sells the same barrels to the appellant. As the appellant is further processing the barrels into final product, by fixing of injection moulded caps, inners, etc., they availed 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

ceedings were initiated against the appellant for denial of credit, resulting in passing of the present impugned order. 3. Though the appellants have contended that the process undertaken by them amounts to manufacture and also relied upon various decisions of the Tribunal, we are of the view that the appeals can be disposed of on legal grounds that credit having been utilized by the appellant for payment of duty for their final product and thus not require any further reversal. It has been the .....

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