9911796707
TMI Blog2013 (4) TMI 706X X X X Extracts X X X X X X X X Extracts X X X X ..... 004, is required to be reversed or not - Held that:- There was accumulated credit lying in Cenvat credit account which the Revenue is holding that the same will stand lapsed on the date appellant started availing benefit of Notification No. 30/2004-C.E. It is apparent from the facts on record that the provisions of Rule 11(3) of the Cenvat Credit Rules, 2004 were inserted with effect from 1-3-2007 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... for complete waiver of confirmed dues. Accordingly, stay is granted from recovery of confirmed dues till the disposal of the appeal. - Stay granted. - 10726 & 10727/2013 - Misc. Order Nos. M/12146-12147/2013-WZB/AHD - Dated:- 30-4-2013 - Shri M.V. Ravindran, Member (J) and H.K. Thakur, Member (T) Shri Rahul Gajera, Advocate, for the Appellant. Shri K.N. Joshi, A.R., for the Responden ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Hon ble Karnataka High Court in the case of C.C Ex., Bangalore-II v. Gokaldas Intimate Wear [2011 (270) E.L.T. 351 (Kar.)]. He also relied upon the order No. M/11719 to 11722/WZB/AHD/2013, dated 2-4-2013 of this bench in the case of Sunflag Filaments Industries others on the same issue where complete waiver of pre-deposit was allowed. 3. Learned A.R. on the other hand argued that as per provi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ved in the present proceedings is March, 2006. It has been held by the Hon ble Karnataka High Court in the case of C.C. Ex., Bangalore-II v. Gokaldas Intimate Wear (supra) that, the assessee is entitled to the credit with respect to the inputs and inputs contained in the goods lying in stock on the date prior to exemption Notification, and that amendment brought under Notification No. 10/2007-C.E. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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