2013 (4) TMI 28

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....anur, Addl. Commissioner (AR), for the Respondent. ORDER Heard both side on the stay petition. 2. The appellant has received inputs from two 100% EOU's and taken credit of duty paid on such inputs by the 100% EOU. The credit has been taken in terms of Rule 3(7)(a) of the CENVAT Credit Rules. The dispute relates to the method of calculating available credit using the formula prescribed und....

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....of this submission, learned consultant relies on the decision of the Tribunal in the case of Shri Venkateswara Precision Components reported as 2010-TIOL-1544-CESTAT-Madras = 2010 (258) E.L.T. 553 (Tri. - Mad.). 3. We find that the term "CVD" has not been specifically defined in the CENVAT Credit Rules and Board's Circular No. 818/15/2005-CX., dated 15-7-2005 also refers to 4% levied in terms o....