2012 (8) TMI 598 - AT - Central Excise

Waiver of pre-deposit - Cenvat Credit - applicant is using MS plates, angles and channels to manufacture power cable distribution boards which are used in Poly Machines which are used in the manufacture of paper/paper boards Held that - Cable distribution boards are accessories for poly machines and that the MS channels and angles used are accessories to the said cable boards - eligible for CENVAT credit

Summary

The Appellate Tribunal CESTAT, Bangalore heard a stay petition where the applicant sought waiver of pre-deposit of duty amount of Rs. 87,369/- along with interest and penalty of Rs. 5,000/- imposed under Rule 15 of the Cenvat Credit Rules, 2004. The applicant claimed that MS plates, angles, and channels used to manufacture power cable distribution boards should be eligible for CENVAT credit as accessories to capital goods. The Tribunal agreed, granting waiver of pre-deposit and stay of recovery pending appeal.