2014 (9) TMI 67

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....appeal against the order of the Commissioner (Appeals) whereby the Commissioner (Appeals) directed to recover only Rs. 1,12,105/- as against the demand of Rs. 3,93,862/-. The learned AR submits that the demand was raised on the basis of the Honble Supreme Courts decision insofar as the respondent availed the credit on the wire rods and used in the conversion of wires for the period 29.5.2003 to 4.....

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....ch had paid a sum equal to the duty leviable on drawn wire after availing the credit of duty paid on inputs for the said period. It is aimed at regularizing availment of credits at two stages and payment of an amount representing duty at one stage. The purpose of the amendment is to regularize credit taken at the input stage (on wire-rod), credit taken by the downstream user of drawn wire and the ....