2015 (2) TMI 151

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..... ties below that while the entire amount of excise duty realized on sales was included in the sale amount but out of entire amount of excise duty paid on purchases, only that portion of such excise duty paid which was utilized by way of MODVAT, had been included in the value of purchases and the balance amount of Modvat credit which could not be utilized in the present year was shown in the balance .....

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..... :- 17-5-2013 - SHRI D. K. TYAGI AND SHRI A. K. GARODIA, JJ. For the Appellant : Shri D K Singh, Sr. DR ORDER PER SHRI A. K. GARODIA, AM:- This is Revenue s appeal directed against the order of Ld. CIT(A)- II, Baroda dated 07.01.2012 for the assessment year 2005-06. The grounds raised by the revenue are as under: On the facts and in the circumstances of the .....

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..... sed by authorities below. We find that there is submission of the assessee before the authorities below that while the entire amount of excise duty realized on sales was included in the sale amount but out of entire amount of excise duty paid on purchases, only that portion of such excise duty paid which was utilized by way of MODVAT, had been included in the value of purchases and the balance amo .....

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