2017 (6) TMI 1098

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.....R) for respondent ORDER The issue involved in the present case is whether countervailing duty exempted by notification No.34 /97-Cus. debited in the DEPB Pass Book is eligible for modvat credit or otherwise. 2.  Shri J.H. Motwani, Ld. Counsel appearing on behalf of the appellant fairly concedes that the issue has been decided against the appellant by the larger bench of this Tribuna....

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....ndia Pvt. Ltd. Vs. Commissioner of Central Excise, Chennai 2003 (152) E.L.T. 361 (Tri.-Chennai) (ii)    Essar Steel Ltd. Vs. Commissioner of C. Ex. Vishkhapatnam 2004 (173) E.L.T. 239 (Tri.-LB) (iii)   Commissioner of C. Ex., Ludhiana Vs. Neel Kanth Rubber Mills 2010 (254) E.L.T. 203 (P & H) (iv)   Mohan Breweries & Distilleries Ltd. Vs. Commr. of C. Ex.....

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....e, Pune-III 2014 (299) E.L.T. 234 (Tri.-Mumbai) (iii)   Binani Zinc Ltd. Vs. Commissioner of C. Ex. & Cus. , Kochi 2009 (245) E.L.T. 418 (Tri.Bang.) (iv)   Mohan Breweries & Distilleries Ltd. Vs. Commr. of C. Ex., Pondicherry 2009 (240) E.L.T. 400 (Mad.) (v)    Debes Industries Vs. Collector of Central Excise, Calcutta 1994 (71) E.L.T. 943 (Tribunal) ....

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.... assessee by the Larger Bench of this Tribunal in the case of Essar Steel Ltd. (supra). Therefore, we hold that on merit the Cenvat Credit on the CVD debited in DEPB Passbook which is exempted under Notification No.34/97-Cus. is not admissible. However as regard the submission on limitation and penalty under Section 11AC of the Act, we agree with the submission of Ld. Counsel that the issue was co....