https://www.taxtmi.com/caselaws?id=221832 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellants in a dispute over the calculation of CENVAT credit under Rule 3(7) of the CENVAT Credit Rules. The Tribunal held that both types of CVD should be considered in determining the eligible credit amount, as per the interpretation supported by a previous decision. Consequently, the appellants were deemed to have a strong case in their favor for a substantial part of the disputed amount. The Tribunal waived the pre-deposit of the balance of dues and stayed the recovery of the remaining amount until the appeal was resolved. en-us Tue, 03 Jul 2012 00:00:00 +0530 Tue, 02 Apr 2013 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221832 The Appellate Tribunal CESTAT BANGALORE ruled in favor of the appellants in a dispute over the calculation of CENVAT credit under Rule 3(7) of the CENVAT Credit Rules. The Tribunal held that both types of CVD should be considered in determining the eligible credit amount, as per the interpretation supported by a previous decision. Consequently, the appellants were deemed to have a strong case in their favor for a substantial part of the disputed amount. The Tribunal waived the pre-deposit of the balance of dues and stayed the recovery of the remaining amount until the appeal was resolved. Case-Laws Central Excise Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221832