2008 (3) TMI 119

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..... assessee paid the NCCD on UCT, they would have taken Cenvat credit of the same and utilized the same to pay NCCD on the BCT - revenue neutral exercise – demand, interest & penalty are set aside - E/691 and 688/2005/MAS - 197 and 198/2008 - Dated:- 5-3-2008 - Shri P. Karthikeyan, Member (T) Shri M,K.A.K. Mohiddin, JDR, for the Appellant. None, for the Respondent. [Order] -1. The c .....

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..... tive consumption without paying NCCD of Rs. 25,740/-. The original authority demanded this amount of NCCD, the interest due thereon and imposed penalty on KTI. The Commissioner (Appeals) found that had the assessee paid the NCCD on UCT, they would have taken Cenvat credit of the same and utilized the same to pay NCCD on the BCT manufactured and cleared. Therefore, the demand of NCCD on the interme .....

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