2012 (4) TMI 140

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....L. COMMR.) FOR THE REVENUE   Per Shri S.K.Gaule   Heard both sides.   2. The Appellant filed this Appeal against the Order-in-Appeal No.815/JSR/CEX/APPEAL/2006 dated 21.03.2006, whereby learned Commissioner (Appeals) has upheld the lower Adjudicating Authority s Order, disallowing the CENVAT Credit amounting to Rs.23,80,005/- along with interest, and imposed penalty of Rs.1....

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.... No.831/8/2006-CX dated 26.07.06, the Board had clarified that wire drawing unit, which had paid a sum equal to duty leviable on drawn wire, would be eligible to avail the credit of duty paid on inputs and utilize the same for pavment of duty on drawn wire for the period of amendment. The sum paid by the wire drawing unit in such cases will be treated as duty and shall be allowed as credit to the ....

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....t taken by the downstream user of drawn wire and the amount paid as central excise duty on clearance of drawn wire and the amount paid as central excise duty on clearance of drawn wire. In other words, wire drawing units, which had paid a sum equal to duty leviable on drawn wire, would be eligible to avail the credit of duty paid on inputs and utilize the same for pavment of duty on drawn wire for....