2013 (7) TMI 404

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..... he impugned order passed by the Commissioner of Central Excise dated 31/07/2006. 2. The brief facts of the case are that the Respondent received bulk drugs as inputs from their sister concern on stock transfer basis and availed cenvat credit of duty paid on the inputs for the period from 1/4/2000 to 28/02/2003. Show-cause notice was issued for the denial of credit on the ground that transaction m .....

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..... j.)] 5. We find that the applicant received duty paid raw material on stock transfer basis. The only objection of revenue is that the same is not sale. This issue is settled by the decision of Tribunal and Hon'ble High Court relied upon by the respondents. The Tribunal and Hon'ble High Court held that credit is available in respect of duty paid on inputs received on stock transfer basis. 6. In v .....

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