9911796707
TMI Blog2009 (1) TMI 686X X X X Extracts X X X X X X X X Extracts X X X X ..... The impugned order sustained demand of Rs. 4,81,085/- held to be wrongly utilized Cenvat credit and applicable interest under Rule 12 of the Cenvat Credit Rules, 2002 (CCR) raised on the applicant M/s. Kave Textile Mills Salem (P) Ltd. Equal amount of penalty was also imposed on the applicant under Rule 13 of the CCR. 2. Facts of the case are that Notification No. 29/04 and 30/04 both dated 9-7 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ation No. 29/04 for clearances made by the applicant from 9-7-04 was discharged by the applicant. The demand of Rs. 4,81,025/- represents credit balance as on 8-7-04 and the accrued credit availed by the applicant during July 2004. 3. Heard both sides. 4. The impugned demand represents Cenvat credit availed and utilized by the assessee contrary to the terms of Notification No. 30/04 dated 9-7- ..... X X X X Extracts X X X X X X X X Extracts X X X X
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