9911796707
TMI Blog2017 (8) TMI 780X X X X Extracts X X X X X X X X Extracts X X X X ..... r: Bench The appeal is against OIA No.126/2005 dt. 8.12.2005. 2. The appellant is engaged in the manufacture of printed cartons, printed labels, corrugated boxes, paper boards etc. They are availing the benefit of cenvat credit on various inputs used in the manufacture of aforesaid final products. With effect from 1.3.2003, vide Notification No.10/2003, printed labels were exempted from payment ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... en the finished products were liable to payment of excise duty. However, the finished products i.e. printed labels, were exempted w.e.f. 1.3.2003, after taking of such credit. It is her submission that since credit has not been taken irregularly, there is no case for reversal of the same. She also relies upon the decision of the Hon'ble Madras High Court in the case of Tractor and Farm Equipment L ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d as a result, validly taken credit need not be reversed. The Central Excise Rules would come into play in the following manner, that is to say, on the date when the final goods become exempt from payment of duty, for the inputs received on and after the said date, no credit can be taken. This would be the correct method of understanding of the position of law." 6. By following the position of la ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
