2012 (10) TMI 648

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....ate Per : Mr. M.V. Ravindran; These appeals are filed by the Revenue against the order in appeal Nos. 78/2006(Ahd-III)CE/DK/Commr(A), 79/2006 (Ahd-III) CE /DK/ Commr (A) 83/ 2006 (Ahd-III)CE/DK/Commr(A) all dated 21.7.2006. 2. Heard both sides and perused the record. 3. The issue involved in all these three appeals being common, they are being disposed by a common order. 4. We find ....

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....57CC of Central Excise Rules and Rule 6 of Cenvat Credit Rules, during the relevant period were retrospectively amended, wherein the respondents were required to pay the amount equivalent to cenvat credit availed by them on the inputs which are consumed for the manufacturing of exempted goods. The assessees are also required to pay interest on such amount as and when reversed. We find that in this....

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.... 7. On careful consideration of the submissions made by both sides, it is seen that respondents have already reversed the entire amount of demands raised in the appeal Nos. E/52 and 54/2006 and undertaking to reverse an amount of Rs. 10,206/- in respect of appeal No. E/52 of 2006 within thirty days on receipt of this order, we find that the issue requires no more deliberation as the retrospectiv....