2012 (5) TMI 522

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... i M.M. Ravi Rajendran, Deputy Commissioner (AR), for the Respondent. [Order per : P.G. Chacko, Member (J)]. -  This application filed by the appellant seeks waiver and stay in respect of an amount of Rs. 3,22,84,927/- availed as CENVAT credit on 'input services' by the appellant by way of transfer from the CENVAT accounts of two companies viz. Telelogic India Pvt. Ltd. and Cognos Software P .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... cise, according to the department, there should be at least a nominal transfer of CENVAT credit on inputs along with 'input services' for the appellant to claim the benefit of Rule 10 in respect of 'input services'. According to the appellant, they are entitled to transfer of CENVAT credit on 'input services' also in respect of inputs and capital goods. On a conjoint reading of sub-rules (1), (2) .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X