Cenvat credit on steel items remanded for fresh adjudication after reconsideration under cited precedents.

Cenvat credit on H.R. Sheets, M.S. Angles, M.S. Channels, M.S. Beams and M.S. Plates was disputed, and the parties agreed that the issue should be reconsidered in light of cited precedents. The first appellate order was set aside and the matter was remanded to the adjudicating authority for a fresh decision after granting a fair opportunity of hearing and issuing a reasoned, speaking order.

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Issues: Whether Cenvat credit was admissible on H.R. Sheets, M.S. Angles, M.S. Channel, M.S. Beam and M.S. Plate, and whether the matter required remand for fresh adjudication in the light of the cited precedents.

Analysis: The dispute concerned availment of Cenvat credit on the stated steel items. The parties accepted that the issue should be reconsidered in the light of the cited decisions. The matter was therefore sent back to the adjudicating authority for decision afresh after granting fair opportunity of hearing and for passing a reasoned and speaking order.

Conclusion: The first appellate order was set aside and the matter was remanded to the adjudicating authority for fresh decision.

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