2013 (12) TMI 692

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Shri R.K. Singla, Commissioner (AR), for the Respondent. ORDER This application filed by the appellant seeks waiver and stay in respect of the adjudged dues which include an amount of over Rs. 10.47 crores demanded under Rule 14 of the CENVAT Credit Rules, 2004 read with the proviso to Section 11A(1) of the Central Excise Act. The said amount of duty represents the CENVAT credit taken by t....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....l as indigenous. We further find that, the screws, inserts, cartridges, etc., being consumable components of the finished goods, the appellant, upon purchase orders being placed on them by their customers, imported the items and supplied the same to their customers, in which process the appellant paid duty on the transaction value of the items rather than by reversal of CENVAT credit of CVD. The l....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....hether imported or procured indigenously, were cleared in assembled condition with the finished products and Central Excise duty was paid on such assembled goods on its transaction value. (b) Again it is not in dispute that the Central Excise duty so paid was always higher than the CENVAT credit on inputs utilized. (c) Again it is an admitted fact that Central Excise duty on transaction valu....