2015 (10) TMI 1634

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....pondent : Mr Pakshi Rajan, AR ORDER Per B. S. V. Murthy: The appellants had made a provision for raw materials including the packing materials finding that they could not use the same in their financial records as on 31.03.2008. The fact of writing off the value of raw materials/packing materials was not intimated to the department. On the ground that this amounts to suppression of facts ....

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....) ELT 318 - Eternet Everest Ltd. Vs. Union of India - 1997 (89) ELT 28 (Mad.) - The quantification of demand is based on the assumption as the department has adopted the highest rate while denying the credit which is contrary to the provisions of Rule 3(5B) of the Cenvat Credit Rules, 2004. - The provisions relating to reversal of credit on the value of inputs written off fully was introd....