2015 (1) TMI 1185

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.... For the Respondent : Shri Ashutosh Nath, Asst Commissioner (AR) JUDGEMENT Per: Ashok Jindal: The appellant is in appeal against the impugned order for denying CENVAT Credit on "Steatite Ceramic" falling under CTH 6804. 2. Brief facts of the case are that the appellant is manufacturers of enamel, paints, thinner and varnish. They procured Steatite Ceramic, used in the manufacture of p....

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....0% of the duty paid but the appellant is entitled to take the remaining 50% CENVAT Credit in the subsequent year. In the circumstance, at the most, interest for the intervening period was required to be demanded from the appellant. The adjudicating authority has directed the appellant to reverse the excess 50% of CENVAT Credit for the first year along with the interest and also imposed penalty whi....