2017 (2) TMI 90

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....d show-cause notice demanding reversal of Cenvat Credit on the unaccounted obsolete stock of raw material lying in the factory of the assessee and on the goods consumed captively for manufacture of dutiable goods cleared at nil rate of duty against CT-3 certificate to Special Economic Zone. The demand of duty was confirmed on both the counts by the original adjudicating authority and was upheld by....

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....material even if obsolete and non-usable is lying in the factory, no reversal of credit is required. The appeal also argues that the intelligence report has not been given to the appellant and the issue of denial of cross examination has not been examined in the impugned order. It has also been argued that the final products/intermediate products cleared to the units in the Special Economic Zones ....