TaxTMI 
TaxTMI 
2006 (8) TMI 70
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....gainst the Order-in-Appeal No. 8/2006-C.E. dated 31-1-2006, passed by the Commissioner of Central Excise (Appeals II), Bangalore. As the issue lies in a short compass, they are taken up together for the disposal as per law. 2.The appellants availed Cenvat credit on the inputs. When the appellants opt out of the Cenvat scheme to avail the benefit of SSI exemption under Notification No. 8/2003-C.E.....
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....s not sustainable in the present case. Aggrieved over the order of the Original Authority, the appellants approached the Commissioner (Appeals). The appellants pleaded before the Commissioner (Appeals) that as per Rule 9(2) of the Cenvat Credit Rules, 2002, the balance lapses thereby the present demand for reversal of input credit on work-in-progress is not proper and is not acceptable. If there i....
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....itted that the work-in-progress as on 31-3-2004 is 'nil' and the Department wrongly adopted the figure as on 31-3-2003. This fact was already considered in an earlier Show Cause Notice dated 15-9-2004 as admitted in the impugned order. The said notice dated 15-9-2004 was adjudicated and is now in appeal before the Tribunal in Appeal No. E/646/2005 and the Tribunal has passed a Stay Order dated No.....
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....he in-process goods to the tune of Rs. 12,74,726/-. In the course of personal hearing, the documents were shown to me and I found that as on 31-3-2004, the value of in-process stock is 'nil'. In any case, when the appellants opt out of the Cenvat Scheme to avail full benefit of the SSI exemption, they would not be in a position to utilise any Modvat credit. After reversal of credit as required und....