2015 (11) TMI 822

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.... The Respondent: Shri Mukund Chauhan, Chartered Accountant. Per: P.K. Das 1. The Revenue filed this appeal against the impugned order passed by the Commissioner (Appeals), where the Adjudication order was set aside. 2. The learned Counsel on behalf of the Respondent raised a preliminary objection in so far as that the Revenue wrongly mentioned the Respondent's name as "Shankar Processors ....

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....% of the credit was availed in April-May, 2005. It has been alleged that CENVAT Credit used in the capital goods of the balance 50% in April-May 2005 would be denied on the ground that the Respondent opted for exemption during 09.07.2004 to 31.05.2005. They opted to avail exemption on clearance of the goods without payment of duty. The Adjudicating authority denied the CENVAT Credit of the balance....

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.... from grey fabrics. They took credit of Central Excise duty paid on capital goods in 2004-05 upto 50% of the duty paid on capital goods (1st part) received in 2004-05. Balance 50% of the duty paid amounting to Rs. 16,40,952/- was taken as Credit in April-May 2005 (2nd part). The Central Excise duty on textile was changed w.e.f. 09.07.2004 wherein option was given to pay duty and avail CENVAT on in....