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M/s Sundaram Industries Limited Versus CCE, Madurai

2016 (10) TMI 381 - CESTAT CHENNAI

Availability of sufficient credit in the statutory record - levy of interest - Held that: - the procedure of filling application as per 2010 Budget proposal was not complied with. It is needless to state that the approach of the appellant of reversin .....

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or not without burdening the appellant to go through the technical procedures of the law. What that is required is that authority is to look into the substance of the transaction without appreciation of the format. - If there is sufficient credi .....

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authority for finding out the credit availability on the statutory record - appeal disposed off. - E/40440 & 40441/2014 - Final Order Nos. 41299-41300/2016 - Dated:- 3-8-2016 - Shri D.N. Panda, judicial Member Shri S. Muthuvenkataraman, Advocate for .....

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that despite repeated directions of remand, the authorities failed to consider that the appellant has made appropriate proportionate reversal of the input credit in view of use of the common input in the process of manufacture of dutiable goods and .....

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r. Appellant further says that there were sufficient credits at the material time and appellant has not made abuse of such credit. 3. Revenue supports adjudication. 4. Despite repeated remands, when Revenue has filled to satisfy the Bench even on tod .....

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notice and settle the matter at the grass root insofar as levy of interest is concerned. 5. Revenue at this juncture says that the procedure of filling application as per 2010 Budget proposal was not complied with. It is needless to state that the ap .....

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