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TMI Blog2014 (9) TMI 67X X X X Extracts X X X X X X X X Extracts X X X X ..... the said period. It is aimed at regularizing availment of credits at two stages and payment of an amount representing duty at one stage. The purpose of the amendment is to regularize credit taken at the input stage (on wire-rod), credit taken by the downstream user of drawn wire and the amount paid as central excise duty on clearance of drawn wire. In other words, wire drawing units, which had pai ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pondent : Mr M Kannan, Adv. PER : P K Das Revenue filed this appeal against the order of the Commissioner (Appeals) whereby the Commissioner (Appeals) directed to recover only ₹ 1,12,105/- as against the demand of ₹ 3,93,862/-. The learned AR submits that the demand was raised on the basis of the Honble Supreme Courts decision insofar as the respondent availed the credit on th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... med at facilitating wire drawing units, which had paid a sum equal to the duty leviable on drawn wire after availing the credit of duty paid on inputs for the said period. It is aimed at regularizing availment of credits at two stages and payment of an amount representing duty at one stage. The purpose of the amendment is to regularize credit taken at the input stage (on wire-rod), credit taken by ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent is aimed at regularizing availment of credits at two stages. As such, the appellants case is squarely covered by the Taxation of Laws (Amendment) Act, 2006 and Boards Circular dated 26-7-2006. Accordingly, the impugned order is liable to be set aside and we do so. The appeal is allowed. 3. In view of the above decision and the amendment to Rule 16, I do not find any reason to interfere with ..... X X X X Extracts X X X X X X X X Extracts X X X X
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