2008 (9) TMI 937 - HC - Customs

CENVAT credit - debonding of units - Circular No. 185/19/96-Ces dated 19-3-1996 - Held that - It is clear from the record that at the time of debonding amount equal to excise duty was paid by the respondent and therefore after debonding the appellant would be entitled to avail credit of that amount - reliance rightly placed on Circular No. 185/19/96-Ces dated 19-3-1996 - credit allowed - appeal dismissed - decided against Revenue.

Summary

The Bombay High Court ruled that the appellant is entitled to avail credit of the excise duty amount paid by the respondent during debonding. The appeal was rejected as no question of law arose in this case. (Citation: 2008 (9) TMI 937 - BOMBAY HIGH COURT)