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2016 (6) TMI 605 - CESTAT HYDERABAD

2016 (6) TMI 605 - CESTAT HYDERABAD - TMI - Appropriation of interest amount against the rebate claim sanctioned to appellant - Held that:- This Tribunal vide Final Order allowed the refund of ₹ 43,96,488/- holding that the credit availed on duty paid on ethyl alcohol is admissible. On such score, it is find that the appropriation of the amount of ₹ 18,18,986/- being the interest upon ₹ 43,96,488/- against the rebate claim sanctioned to the appellant is not legal or proper. The .....

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t availed Cenvat credit of ₹ 43,96,488/- on the duty paid on ethyl alcohol. The Superintendant of central excise vide Letter dated 21-04-2010 directed the appellants to reverse the credit of ₹ 43,96,488/-. The appellants reversed the credit under protest. On understanding that there was no requirement to reverse the credit, the appellant then filed refund claim for an amount of ₹ 43,96,488/-. A show cause notice was issued to the appellant proposing to reject the refund claim. .....

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