2015 (10) TMI 1154

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..... out reversing the CENVAT credit on the date of dispatch of the input to the job worker - Held that:- law having prescribed that reversal of CENVAT credit by principal manufacturer is requirement when the goods are sent to job worker failing to do so, the appellant is required to deposit the penalty. Therefore, penalty of ₹ 5,000/- imposed by learned adjudicating authority is confirmed. - Wit .....

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..... e job worker and the latter not taken credit thereof shall entitle the principal manufacturer to the refund of any amount paid at a subsequent date without reversing the CENVAT credit on the date of dispatch of the input to the job worker. 2. There is no dispute of reversal of CENVAT credit on the input issued to job worker as required by law. There is also no dispute that the respondent utiliz .....

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..... t is averred. It appears that due to confusion of the position of law, there was no reversal and subsequent payment was made. Therefore, neither appellant will ask any interest nor the respondent shall ask any interest from Revenue. Respondent is entitled to the refund of the amount of ₹ 10,79,018/- deposited by it without interest in the peculiar facts and circumstances of the case. 5.It .....

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