TaxTMI 
TaxTMI 
2016 (11) TMI 265
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....er: Anil Choudhary The appellant a manufacturer of injection moulded plastic parts and moulded plastic components etc. are in appeal against Order-in-Appeal dated 29/8/2007 passed by the Commissioner (Appeals) Customs and Central Excise, Meerut - II. 2. The issue in this appeal is whether under the facts and circumstances, extended period of limitation, have been rightly invoked in the show caus....
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....03 to May 2004. The appellant immediately replied by their letter dated 24/11/2004 taking the stand that the said credit was taken as available in terms of Circular Number 747/63/2003 - CX dated 22/9/2003 issued by CBEC. It is further contended that the said Circular provided for full Cenvat credit in the year of acquisition itself. 4. Subsequently show cause notice dated 17/7/2006 was issued pro....
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....tself. Further the amount of Rs. 3,12,718/- was confirmed being demand of duty for over drawn amount along with interest. Penalty was reduced to Rs. 4,40,000/-. Being aggrieved the appellant - assessee is in appeal before this Tribunal. 6. The ld. Counsel for the appellant urges that under the facts and circumstances, it is an admitted fact that the credit was taken in view of the CBEC circular d....