TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Imported wheel sets under DEEC scheme without duty payment; dispute over duty reversal resolved with deposit.</h1> <h3>M/s. Texmaco Ltd. Versus Commr. of Central Excise, Kolkata-III</h3> M/s. Texmaco Ltd. Versus Commr. of Central Excise, Kolkata-III - TMI Issues involved: Application for waiver of pre-deposit of duty and penalty under Rule 15(2) of Cenvat Credit Rules read with Section 11AC of CEA, 1944.Analysis:1. The appellant imported wheel sets to be used in Railway Wagons, with some imported under the DEEC scheme without payment of duty. Upon transferring some sets to their own unit, they reversed the credit availed on CVD but not on SAD. The appellant argued that the reversal of CVD was unnecessary as the wheels were imported duty-free under the DEEC Scheme.2. The respondent, however, contended that the appellant failed to prove that the wheels cleared to their unit were part of the DEEC Scheme lot.3. After hearing both sides and reviewing the records, it was found that the appellant cleared 830 wheel sets by reversing the CVD credit, claiming they were not required to do so due to the DEEC Scheme import. Despite this, the appellant offered to deposit Rs. 10.00 Lakhs, which was accepted. The appellant was directed to make this pre-deposit within four weeks, with the balance dues waived and recovery stayed during the appeal's pendency. The appeal was disposed of accordingly.
TaxTMI 
TaxTMI 
