2013 (11) TMI 286

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....mar The appellant are manufacturers of Iron and steel products falling under chapter 72 of the Central Excise Tariff. They take cenvat credit in respect of inputs and capital goods as per the provision of Cenvat Credit Rules, 2004. The allegation against is that them during May 2007, they took cenvat credit amounting to Rs.3,75,380/- in respect of MS Angle, Channel, Joints, Plates, MS Bars etc.....

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....acie I find that while the disputed amount of cenvat credit was taken in May 2007, show cause notice has been issued in October 2008 after the expiry of normal period of limitation. I also find that in the ER-I return for May 2007 filed in June 2007, the availment of above-mentioned cenvat credit on M.S. Angles etc. has been fully declared and taking into account of this fact only, the Commissione....