2015 (7) TMI 1207

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....Advocate, for the Appellant. Shri Alok Srivastava, Authorised Representative, for the Respondent. ORDER [Order per : P.K. Das, Member (J)]. - Common issue is involved in these appeals and therefore, both are taken up together for disposal. 2. The appellants were engaged in manufacturing of excisable goods viz., Refined Edible Oils (Loose ands Packed), Soap Stock, Acid Oil, FAD, Va....

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.... Appeal No. E/1052/2007-DB, it has been proposed to disallow the Cenvat credit amounting to Rs. 40,85,434/- wrongly availed/utilized and recover from them under Rule 14 of the Cenvat Credit Rules, 2004 read with Section 11A of the Central Excise Act, 1944. It has been alleged that the appellants were having loose stock inputs of finished products as on 1-3-2005 on which they have availed Cenvat cr....

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....) E.L.T. 194 (H.P.). The decision of the Larger Bench of the Tribunal in the case of M/s. HMT Ltd. (supra) as under : 22. In view of the above discussions, we hold that when the input-credit legally taken and utilised on the dutiable final products, need not be reversed on the final product becoming exempt subsequently w.e.f. 9-7-2004. The decision of the Bangalore Bench in the case of TAF....