2014 (12) TMI 1344 - HC - Central Excise

Non-appreciation of Extended period of limitation - no reasonable care taken as required under rule 7(2) of the Cenvat Credit Rules, 2002 - credit denied for inputs purchased from Itisha Aluchem Industries - demand of cenvat credit, interest and penalties - HELD THAT - Tax Appeal is Admitted for consideration of the substantial questions of law.

Summary

The Gujarat High Court admitted a Tax Appeal to consider substantial questions of law regarding the Customs, Excise, and Service Tax Appellate Tribunal's decision on the extended period of limitation, reasonable care under rule 7(2) of the Cenvat Credit Rules, denial of cenvat credit for inputs purchased, and the rejection of the appeal upholding liabilities of cenvat credit, interest, and penalties. The appeal will be heard with other connected appeals.