https://www.taxtmi.com/caselaws?id=310052 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellants in multiple appeals concerning the availing of CENVAT credit on inputs procured from a 100% EOU. The Tribunal held that the BCD mentioned in the formula for calculating the credit should reflect the BCD leviable on similar goods if imported into India, not the actual amount paid by the EOU. Citing a precedent decision, the Tribunal set aside the impugned order and allowed all appeals in favor of the appellants, providing consequential relief to resolve the issue in their favor. en-us Thu, 08 Oct 2015 00:00:00 +0530 Wed, 04 Oct 2023 20:59:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310052 The Appellate Tribunal CESTAT Bangalore ruled in favor of the appellants in multiple appeals concerning the availing of CENVAT credit on inputs procured from a 100% EOU. The Tribunal held that the BCD mentioned in the formula for calculating the credit should reflect the BCD leviable on similar goods if imported into India, not the actual amount paid by the EOU. Citing a precedent decision, the Tribunal set aside the impugned order and allowed all appeals in favor of the appellants, providing consequential relief to resolve the issue in their favor. Case-Laws Central Excise Thu, 08 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310052