2015 (10) TMI 1331

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.... appeal has been filed by the appellant against OIA No. SKSS/248/SURAT-II/2010 dt 23/12/2010. 2. Sh. R.H. Shah (Manager) of the appellant argued that a Show Cause Notice dt 12/11/2009 was issued to the appellant, inter-alia, demanding reversal of improperly taken Cenvat Credit of Rs. 32,19,567/-. That the credit was improperly calculated as per Rule 3(7) of Cenvat Credit Rules, 2004 due to misund....

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....ity. 4. Heard both sides and perused the case records. Appellant took a credit of Rs. 32,19,567/- as per his misunderstanding of Rule 3(7) of the Cenvat Credit Rules, 2004, as per prescribed farmula. However the same was found to be admissible to the extent of only Rs. 27,53,997/-. The same was paid by the appellant promptly on 04.9.2008 much before the issue of Show Cause Notice dt 12.11.2009. T....