CESTAT Chennai: Appeal Allowed, Predeposit Waived, Matter Remanded for Reexamination The Appellate Tribunal CESTAT CHENNAI allowed the appeal by remanding the case and waiving the predeposit requirement. The order demanding 10% of the ...
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CESTAT Chennai: Appeal Allowed, Predeposit Waived, Matter Remanded for Reexamination
The Appellate Tribunal CESTAT CHENNAI allowed the appeal by remanding the case and waiving the predeposit requirement. The order demanding 10% of the value of exempted goods was set aside, and the matter was sent back to the original authority for reexamination in light of the retrospective amendment to the CENVAT Credit Rules by the Finance Act, 2010. The appellants will have a reasonable opportunity for a hearing before new orders are issued.
The Appellate Tribunal CESTAT CHENNAI allowed the appeal by way of remand, waiving the requirement of predeposit. The impugned order demanding 10% of the value of exempted goods was set aside, and the matter was remanded to the original authority for reexamination in light of the retrospective amendment to the CENVAT Credit Rules by the Finance Act, 2010. The appellants will be given a reasonable opportunity of hearing before fresh orders are passed.
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