2023 (12) TMI 482

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...., Advocate for the Appellant. Shri K. Srinivas Reddy, AR for the Respondent. ORDER The issue involved in this Appeal is whether the Appellant is entitled to Cenvat credit for credit taken during the period May 2007 to September 2008 on various items being inputs/capital goods - MS items like angles, channels, beams, etc., falling under Chapter 72 & 73 of CETA. The Appellant availed Cenvat....

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....y interest on the same under Rule 14 of CCR. 3. Heard the parties. 4. Considering the issues involved, so far the issue of taking credit of Rs.77,21,700/- on MS items is concerned, we find that the issue is no longer res integra and it has been held by the Hon'ble Gujarat High Court in Mundra Ports and SEZ Ltd [2015 (39) STR 726 (Guj)], wherein under similar circumstances, the Assessee had u....

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....d judgment has been reversed by the Hon'ble Chattisgarh High Court and it has been held that Credit is available, reported at [2018 (16) GSTL 462 (Chattisgarh)]. 6. So far the second issue is concerned, regarding chargeability of interest under Rule 14 of CCR on the amount of Cenvat credit taken and reversed of Rs.60,88,605/-, learned Counsel for the Appellant urges that there has been subseque....