2015 (1) TMI 1182

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....ri K. Chaudhury, Supdt. (A.R.), for the Respondent. ORDER This is an application for waiver of Cenvat credit of Rs. 5,00,855/- and equal amount of penalty imposed under Rule 57U(6) of the erstwhile Central Excise Rules, 1944. 2. At the outset, the ld. Advocate, appearing for the applicant, has submitted that the issue relates to availment of Modvat credit during the period from Augus....

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....s that subsequently by retrospective amendment vide Section 149 read with Schedule 6 of Finance Act, 2003, the relevant sub-rule has been amended, thereby giving effect to the extent of incorporating a bar for availing Modvat credit on capital goods, if the same is claimed as revenue expenditure, has been done away with. 3. The ld. A.R. for the Department, does not dispute about the said r....