2015 (10) TMI 864

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..... credit on inputs or finished goods which was not required to be reversed.Therefore, they utilise cenvat credit of additional duty of excise (textile and textile articles) for reversal of cenvat credit for packing material. In fact, during that period, respondent was not required to reverse the credit, therefore, question of utilisation of additional duty of excise (textile and textile articles) do .....

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..... nd textile articles) for payment of excise duty. Therefore, the ld. Commissioner (Appeals) fell in error allowing the same to the respondent. 2. Heard the parties and considered the submissions. 3. In this case, initially the respondent was manufacturing cotton yarn and man-made yarn. By Notification No. 30/2004-CE, their final product became exempt, therefore, under wrong impression revers .....

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..... made by utilizing the credit of AED(TTA).I find that the Cenvat Credit was availed and utilised during the period when the goods were leviable to duty which were cleared subsequently at zero rate of duty by virtue of exemption Notification No.30/2004-CE dt.9.7.2004.I consider that reversal of cenvat on the inputs contained in the goods cleared at zero rate of duty is not required in view of the d .....

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