2013 (9) TMI 923

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..... ercial bank providing banking and financial services. On 18.2.2009, their Coimbatore Regional office got registered as Input Service Distributor under Rule 2(m) of Cenvat Credit Rules, 2004 and thereafter, they took credits on services received by them during the period Oct 04 to March 09 by entries made in their registers during Feb 09 and March 09. Revenue objected to these credits for the reaso .....

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..... les, 2004. Therefore, the credit taken cannot be denied even though there was delay of about 4= years in this case and there is no reason to demand back such credits. He relies on judgement Madras High Court in CCE Chennai Vs CEGAT Chennai - 2001 (133) ELT 535 (Mad.). His prayer is that appeal may be admitted without any pre-deposit. 3. Opposing the prayer, the Ld. AR for Revenue submits that whe .....

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..... o verify whether these credits have been taken in any other offices of the applicant. Moreover, the decisions of the Tribunal's Larger Bench and the Madras High Court are to the effect that a reasonable time has to be adopted. The order relied upon by the counsel for applicant the facts are not quite clear. It appears to be in a situation where the delay was marginally higher than six months and i .....

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