2018 (3) TMI 61

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....DER The dispute in this appeal is peculiarly restricted to interest liability under section 11AB of Central Excise Act, 1944 read with rule 14 of CENVAT Credit Rules, 2004 on various amounts totalling Rs. 18,94,44,895 alleged to have been availed as CENVAT credit prematurely during the period from January 2008 to March 2011 by the appellant, M/s CEAT Ltd. Penalty of Rs. 20,00,000 has also been ....

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....earned Authorized Representative. 4. It is the submission of Learned Counsel that upon receipt of the inputs at the premises of job worker, the ERP system generated 'goods receipt notes' and challans against which credit was availed. It is also contended that there is no dispute as to the eligibility for credit; nor is there any dispute that the processed inputs were received at the premises of....

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....ions for allowing CENVAT credit is prescribed in rule 4 of CENVAT Credit Rules, 2004 and the three events for availment include delivery of goods at the premises of job-worker on direction of the manufacturer with the clock ticking from the receipt of goods at such premises. The provisions of CENVAT Credit Rules, 2400 not disbar the availment of credit at any time subject to the condition that the....