2012 (4) TMI 140

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... wire rods does not amount to manufacture - appellant relied on CBEC Circular No.831/8/2006-CX dated 26.07.06 for claiming credit - Held that:- retrospective amendment in Rule 16 vide CBEC Circular No.831/8/2006-CX is aimed at facilitating wire-drawing units , which had paid a sum equal to the duty leviable on drawn wire after availing the credit of duty paid on inputs for the said period - Appeal .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cordingly availed the CENVAT Credit. The Department denied them the Credit on the ground that drawing of wire from wire rods does not amount to manufacture. Therefore, they had availed the ineligible CENVAT Credit. Accordingly, the lower Adjudicating Authority had confirmed all the proposals made in the show cause notice by demanding duty, interest and penalty, as indicated supra. Learned Commissi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... X dated 26.07.2006, whereby the Board had clarified in para 4.4, which is reproduced hereunder:- 4.4. The retrospective amendment in Rule 16 is aimed at facilitating wire-drawing units , which had paid a sum equal to the duty leviable on drawn wire after availing the credit of duty paid on inputs for the said period. It is aimed at regularizing availment of credits at two stages and payment of .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X