AI Drafter - (New and Powerful) 
Generate professional replies, appeals, opinions to Show Cause Notices, assessment orders, audit objections, and other legal communications using TaxTMI's AI Drafter. 
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2015 (10) TMI 2516
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....lant : Rakshit Verma, Adv. For The Respondent : V.K. Shastri, Addl. Commissioner (AR) ORDER 1. The appellant assessee is in appeal against order-in-appeal dated 25-7-2014 passed by the Commissioner (Appeals I), Customs, Excise and Service Tax, Noida by which the Cenvat credit availed on inputs utilised in the fabrication of tools and dies have been denied. 2. The appellant is manufactu....
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....t Cenvat credit of Rs. 1,94,134/- be not denied and recovered along with interest and further penalty was proposed. 3. The appellant contested the show cause notice by filing reply. It was also contended that extended period of limitation is not attracted as the appellants have disclosed regularly in the returns filed with the Revenue of the Cenvat credit availed. It is also contended that book....
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....pleased to dismiss the appeal holding that the extended period of limitation is attracted as the appellant never specifically disclosed the use of inputs in fabrication of capital goods. Further the appellant never specified the items for which they have availed the Cenvat credit. It was further held that making entries in the Fixed Assets Register, disclosing the fabrication of tools and dies in ....