Just a moment...

Report
FeedbackReport
Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home / RSS

2018 (3) TMI 919

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....r Respondent Per: Anil G. Shakkarwar The present appeal is arising out of Order-in-Appeal No. 437-CE/APPL-LKO/LKO/2015 dated 10/11/2015 passed by Commissioner of Customs, Central Excise & Service Tax (Appeals), Lucknow. 2. The brief facts of the case are that the appellants were engaged in the manufacture and clearance of M. S. Bars & M. S. Flats falling under Chapter 72 of the first Schedule o....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ssued on 06/03/2014. On contest the said Show Cause Notice was adjudicated through Order-in-Original dated 26/03/2015, through which the said demand was confirmed and equal penalty was imposed. Aggrieved by the said order, appellant preferred appeal before Commissioner (Appeals). The ld. Commissioner (Appeals) decided the appeal through Order-in-Appeal, wherein he has held that the order passed by....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....6 MT of M. S. Scrap, 365.219 M.T. of finished goods cannot be manufactured. Therefore, it is very clear that 365.219 M.T. of finished goods containing such inputs which were procured before 17/12/2012. It is clear that under Sub-rule (2) of Rule 11 of Cenvat Credit Rules, 2004, Cenvat credit contained in inputs which were lying in stock as on 17/12/2012 was reversed. However, Cenvat credit contain....