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TMI Blog2009 (11) TMI 770X X X X Extracts X X X X X X X X Extracts X X X X ..... an Plasto India Pvt. Ltd. (hereinafter referred to as SPIPL) are manufacturers of motor vehicle parts and avail Cenvat credit of raw materials and capital goods used in the manufacture of the final products. M/s. Hyundai Motor India Ltd. (hereinafter referred to as HMIL), who are manufacturers of passenger cars, get sub-assemblies and parts from various ancillary units situated in and around their ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Meanwhile, HMIL instructed SPIPL to return the invoices dated 27-9-03 and re-issued a new set of invoices and SPIPL once again took Cenvat credit. SPIPL took credit of Rs. 56,54,547/- in Feb 04 and Rs. 60,36,682/-, totalling to Rs. 1,16,91,230/- on the duty paid by HMIL through supplementary invoices. Credit availed by SPIPL was alleged to be irregular for the reason that the clearance by HMIL wa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nfirmed demand of Rs. 2,33,82,458/- on the ground that this amount was not eligible for availment of Cenvat credit by SPIPL and confirmed a demand of Rs. 1,16,91,230/- already availed as credit by SPIPL, together with interest and imposed penalties of Rs. 5 lakhs each on SPIPL HMIL. Hence these appeals. 2. We have heard both sides. There is no dispute that the amount paid by HMIL on capital go ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nputs or capital goods are received back in his factory. Rule 3(4) (5) read as under :- 3(4) - When the inputs or capital goods on which cenvat credit has been taken, are removed as such from the factory, the manufacturer of the final products shall pay amount equal to the credit availed in respect of such inputs or capital goods and such removal shall be made under cover of an invoice referr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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