2011 (3) TMI 323

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..... ioned by the original adjudicating authority. As such, it is the contention of the appellants that they were required to reverse only an amount of Rs.1,04,931/- The interest, if any, is required to be confirmed is only in respect of the above amount - Learned advocate does not dispute that interest is required to be paid by them but submits that matter be remanded for re-quantification of amount - .....

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..... he cenvat credit is required to be taken in respect of the goods received from 100% EOU. As per audit objection, the quantum of credit availed by the appellant was in excess of the calculation made according to the said formula. Accordingly, the appellant reversed the amount of Rs. 6,89,019/-. The present proceedings are in respect of the interest on the above reversed cenvat credit. 3. Learne .....

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..... e interest, if any, is required to be confirmed is only in respect of the above amount. Learned advocate does not dispute that interest is required to be paid by them but submits that matter be remanded for re-quantification of amount. 5. Learned DR agrees with the above proposal. 6. In view of the above, I set-aside the impugned order and remand the matter to original adjudicating authori .....

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