TaxTMI 
TaxTMI 
2014 (6) TMI 789
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.... (AR) PER : M V Ravindran All these three stay petitions are being disposed of by a common order as they arising against the order-in-original passed which confirmed demand of Rs. 1.59 Crores and Rs. 11.62 Lakhs, interest thereof and penalties on all the appellants. 2. The said amount of Rs. 1.59 Crores has been calculated as an amount of 10% of the value of exempted goods manufactured and clea....
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....s raised by the learned counsel that, after retrospective amendment passed in Finance Act, 2010 and more specifically Section 73, the situation is different. Admittedly, the appellant M/s. Enzal Chemicals (India) Limited had filed an application before the Commissioner of Central Excise wherein the details as required, as per the retrospective amendment were given. The said application was not dec....
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.... of availment of ineligible CENVAT credit of approximately Rs. 11.62 Lakhs, though being argued before us, also needs consideration as we intend to remand the entire issue back to the Commissioner. Without expressing any opinion on the merits of the case, keeping all the issues open, we set-aside the impugned order and remand the matter back to reconsider the issue afresh, after following the prin....