2015 (1) TMI 1131

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....ocate, for the Appellant. Shri Ganesh Haavanur, AR, for the Respondent. ORDER The factory of Samruddhi Cement Limited which was earlier known as Grasim Industries Ltd., Unit : Birla super Bulk Terminal, leased a factory to M/s. Ultratech Cement Ltd. with effect from 1-2-2010. The appellants in their letter, dated 1-2-2010 submitted a list containing inputs (as such or contained in process....

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.... to this amount has been imposed. 3. The learned counsel on behalf of the appellant submits that the appellants had issued tax invoice only for payment of VAT and mere issuance of tax invoice will not create liability to reverse the credit. Rule 3(5) of CENVAT Credit Rules, 2004 is applicable only in situations where there is a physical removal of inputs or capital goods from the factory o....