9911796707
TMI Blog2014 (1) TMI 212X X X X Extracts X X X X X X X X Extracts X X X X ..... g the stay petition of the assessee where extended period of limitation is involved but directed deposit where the notice is for normal period - two show-cause notices were issued for normal period of limitation - assessee has made a fair offer to deposit the entire amount of cenvat credit relating to normal period of limitation – Thus, applicant is direct to Submit Rs.2,43,357/- and Rs.1,68,434/ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... show-cause notices ; the first show-cause notice was issued invoking extended period of limitation and the other two show cause notices were within normal period of limitation. He has submitted that during the relevant period, they have availed cenvat credit on various items, viz. HR Plates, Angle, Joists, MS Channel, Chequered Coil, MS Bar, MS Beam, MS Flat, MS Round, Mill Plate and HR Sheets, co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pital goods, and later they have changed their stand saying that these were used in the manufacture of capital goods and hence, admissible under Rule 2 (k) of the Cenvat Credit Rules, 2004. Therefore, the cenvat credit on these items are not admissible to them. 4. Heard both sides and perused the records. We find that the issue involved in the present case, relates to interpretation of eligibili ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 34/- within a period of four weeks from today and report compliance on 20.05.2013. Failure to deposit the said amount would result in dismissal of the appeal without further notice. On deposit of the said amount, the balance amount of dues adjudged would stand waived and its recovery stayed during pendency of the appeal. Stay petition is disposed of as above. (Dictated and pronounced in the open ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
