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2015 (5) TMI 1069
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....ORDER Heard both the sides and perused the records. 2. The issue involved in the present appeal, in brief, are that the respondent is a partnership firm engaged in the manufacture of Parts of Motors & Generators, parts of Railway Locomotives and Threaded Articles of Iron & Steel. The main raw materials used by the respondent for manufacture of the above goods are MS P....
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....ed cenvat credit from the respondent. The SCN dated 18.07.2005 issued in this regard, was adjudicated by the Joint Commissioner of Central Excise vide order dated 23.12.2005, wherein the proposals made in the SCN were dropped. Feeling aggrieved by the said order of the Adjudicating Authority, the Department had preferred appeal before the Commissioner (Appeals), Central Excise, Bhopal.....
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....n-receipt of raw material and availment of cenvat credit on proper documents are not sustainable because from clearance of so much value of finished goods, used quantity of raw material, the value addition must be more than 300% of raw material cost, which is not acceptable for considering the nature of goods handled by the Respondent. iii) The Respondent has maintained the cenvat records....