2024 (3) TMI 492

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....ishna Chemicals are not registered dealers, they have endorsed behind invoice to the effect that they have consigned the entire material under the respective invoice to the Appellant. Based on these four Invoices, the Appellants have taken the Cenvat Credit. In 2014, an Audit was conducted and they raised the issue that the Invoices under which the Cenvat Credit has been taken are not proper documents in terms of Rule 9 & Rule 11 of the Cenvat Credit Rules, 2004. Subsequently, Show Cause Notice was issued seeking to recover the Cenvat Credit already taken. After due process, the lower Authorities have confirmed the demands. Being aggrieved, the Appellant is before the Tribunal. 2. The Learned Advocate submits that admittedly there is no ....

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....otice on 24/8/2016 by invoking the extended period provisions. Therefore, he submits that the confirmed demand is liable to be set aside even on account of limitation also. 4. The Learned AR takes me through the Notification No. 8/2015-CE(NT) and the Circular issued thereafter. He submits that since the clarification has been issued in terms of Notification issued on 1/03/2015, the clarification should be taken as effective from 01/03/2015 only. Accordingly, he justifies the confirmed demands. 5. Heard both sides and perused the documents and Appeal Papers. 6. Admittedly, there is no dispute that the goods in question have been received by the Appellant and the same have been taken in their Stock Register and have been consumed by ....