2014 (10) TMI 556

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rrect demand of reversal of Cenvat Credit - Held that:- On the issue of reversal of Cenvat on inputs at the time of their clearance as such appellant is not agitating the issue on merits. However, it is the case of the appellant that excess Cenvat Credit reversed by the appellant should be adjusted against the short payment made. Prima facie, there is substance in the argument made by the A.R. tha .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... s required to be reversed by the appellant at the time of removal of inputs as such on which Cenvat Credit was taken by the appellant under Cenvat Credit Rules, 2004. 2. Shri Kiran Sawale (Advocate) appearing on behalf of the appellant argued that appellant reversed the Cenvat Credit, at the time of removal of the inputs as such, depending upon the value prevailing at the time of removal of inp .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e refund claims and on the short payments made interest is also payable. 4. Heard both sides and perused the case records. On the issue of reversal of Cenvat on inputs at the time of their clearance as such appellant is not agitating the issue on merits. However, it is the case of the appellant that excess Cenvat Credit reversed by the appellant should be adjusted against the short payment made .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X