2019 (2) TMI 1224

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.... The issue involved in the present case is that whether appellant have correctly availed the cenvat credit on the invoices issued by 100% EOU as per the formula prescribed in Rule 3(7) of Cenvat Credit Rules, 2004. 2. Sh. S.J. Vyas Ld. Counsel appearing on behalf of the appellant submits that the appellant have aggrieved that the credit was not taken as per formula prescribed, however the formul....

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....s an apparent error in applying the formula on the following counts as submitted by the appellant: a) The credit availed by the appellant is wrongly reported in Annexure-A. The credit of 2% Ed. Cess +1% Ed. Cess which is part of the CVD is correctly taken as the credit under the head of the BED in accordance with the said payment made by M/s Reliance Industries Ltd as BED which is wrongly reporte....