9911796707
TMI Blog2012 (10) TMI 648X X X X Extracts X X X X X X X X Extracts X X X X ..... days on receipt of this order the issue requires no more deliberation as the retrospective amendment covers the issue wherein the respondents were required to pay the amount equivalent to cenvat credit availed by them on the inputs which are consumed for the manufacturing of exempted goods. Assessee herein is required to pay interest on the amount which has been reversed by them as per the re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... hich are utilised for the manufacturing of dutiable as well as exempted goods. 5. The first appellate authority in all these three appeals has accepted the contention of the assessee as to the reversal of cenvat credit on the common inputs which are consumed in the manufacturing of exempted products. The department is in appeal only on the ground that the first appellate authority has allowed th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of 2006 An amount of Rs. 3,49,107/- was demanded and the amount has been reversed on 17.11.2011. (ii) In appeal No. E/53 of 2006 An amount of Rs. 1,72,050/- was demanded but an amount of Rs. 1,61,844/- was reversed on 17.11.2011. (iii) In appeal No. E/54 of 2006 An amount of Rs. 17,72,910/- was demanded and the amount has been reversed on 17.11.2011. It is his submission that the respondent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pay interest on the amount which has been reversed by them. The interest liability arises on the respondent as per the retrospective amendment carried out by the provisions of Sections 82 and 83 of the Finance Act, 2005. In our view, at least from that day, the respondent is required to discharge the interest liability. We uphold the order of original adjudicating authority as regards confirmatio ..... X X X X Extracts X X X X X X X X Extracts X X X X
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