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2015 (10) TMI 2516 - CESTAT ALLAHABAD

2015 (10) TMI 2516 - CESTAT ALLAHABAD - 2016 (335) E.L.T. 101 (Tri. - All.) - Cenvat credit availed on inputs utilised in the fabrication of tools and dies denied - Held that:- It is an admitted fact that the appellant have utilised the inputs in question falling under Chapter 72 of the CET Act in the fabrication of tools and dies which have been further utilised in the main factory for manufacture of goods which have been cleared on payment of duty. Further as find that moulds and dies, have be .....

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and Service Tax, Noida by which the Cenvat credit availed on inputs utilised in the fabrication of tools and dies have been denied. 2. The appellant is manufacturer of motor vehicle components and parts. The show cause notice dated 20-7-2012 was issued on the basis of audit as it appeared that the appellant have availed Cenvat credit on capital goods being goods falling under Chapter 72 utilised for fabrication of tools/dies, which have been further used in the manufacture of taxable final produ .....

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e not denied and recovered along with interest and further penalty was proposed. 3. The appellant contested the show cause notice by filing reply. It was also contended that extended period of limitation is not attracted as the appellants have disclosed regularly in the returns filed with the Revenue of the Cenvat credit availed. It is also contended that books of account were audited by internal audit team regularly. It was further contended that the said inputs were used in manufacture of tool .....

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