2015 (10) TMI 1642

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....the Respondent : Mr R Gurunathan, AR ORDER Per: Archana Wadhwa: After hearing both the sides, we find that cenvat credit of around Rs. 8,00,00,000/- (Rupees Eight Crores approximately) stands denied to the appellant on the ground that the activity undertaken by them does not amount to manufacture and as such they should not have paid the duty of excise on their final products. Accordingly....

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....de to the latest majority decision in the case of M/s. Asian Colour Coated Ispat Ltd. Vs. CCE, Delhi-III E/2793-2794/2011-EX(DB) and E/2827/2011-EX(DB). Originally there was difference of opinion between the two Members and the matter was referred to third Member. As per the majority decision, the credit cannot be disallowed to the assessee when he has used the same for payment of duty on its fina....