2014 (6) TMI 651

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..... Madras High Court in the case of CCE Vs. Rogini Mills Ltd. - [2010 (10) TMI 424 - MADRAS HIGH COURT], held that reversal of CENVAT credit of 2.5% for each quarter of an year from the date of taking of CENVAT credit - matter should be examined in the light of the Larger Bench of the Tribunal in the case of Navodhaya Plastic Industries Ltd. (supra). Accordingly, I set aside the impugned orders and .....

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..... eld that the appellant is liable to reverse the entire credit originally taken on the impugned capital goods at the time of removal as per Rule 3(5) of the CENVAT Credit Rules, 2004. 3. I find that the Larger Bench of the Tribunal in the case of CCE Vs. Navodhaya Plastic Industries Ltd. - 2013-TIOL-1773-CESTAT-MAD-LB, following the decision of the Hon ble Madras High Court in the case of CCE Vs .....

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