TaxTMI 
TaxTMI 
2016 (12) TMI 909
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....(Technical) None for Appellant Shri Ashutosh Nath, Assistant Commissioner (A.R) for respondent Per : Ramesh Nair The fact of the case is that the appellants are manufacturer of Compounds of Ethylene-acted co-polymer, insulating fitting and components falling under Chapter heading 39 & 85 of the Central Excise Tariff Act, 1985 respectively and were availing the Cenvat Credit facility. They clea....
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....nts filed appeal before us. 2. None appeared on behalf of the appellant however, the Ld. Counsel for the appellant MS Murthy & Associates filed letter for adjournment and stated that if the Bench may be pleased to dispose of the appeal in my absence by taking into consideration the submissions made in the said letter the appellant has no objection. On going through the letter, we find that in the....
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....pending. 4. We have carefully considered the submissions made by both the sides. We find that the period involved in the present case is July 2003 to March 2004. The issue to be decided is whether the activity of bought out items cleared as cable jointing kits is a manufactured goods, and if not whether the Cenvat Credit on the bought out items is admissible for non manufacturing activity. In thi....
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....the CENVAT credit taken under sub-rule (1) and in any other case the manufacturer shall pay duty on goods received under sub-rule (1) at the rate applicable on the date of removal and on the value determined under sub-section (2) of section 3 or section 4 or section 4A of the Act, as the case may be. Explanation. - The amount paid under this sub-rule shall be allowed as CENVAT credit as if it was....