Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram

TMI Blog

Home

2017 (1) TMI 358

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... rent period [2016 (1) TMI 917 - CESTAT NEW DELHI], where the appellant has suo motu reversed cenvat credits to the extent of ₹ 80,87,465/- and ₹ 14,10,292/-. Since the reversal is not challenged by the appellant, the same is upheld. However, there is no justification to charge interest on such amount from the date of availing credit till the date of reversal, since we are holding that .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... department raised a demand seeking reversal of such cenvat credit to the tune of ₹ 1,24,15,516/- during the period October, 2009 to March, 2010., Against the confirmation of such demand the present appeal has been filed on the following grounds: (i) Out of the total demand, an amount of ₹ 80,87,465/- has already been reversed prior to the issuance of the show cause notice and even .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ir support. (a) Monnet Ispat Energy Ltd. (E/A No. 842 of 2009) (b) CCE, Raipur vs. M/s Monnet Ispat Energy (E/A No. 145/2009) (c) Topworth Steels Power Pvt. Ltd. vs. CC CE, Raipur (E/A No. 436 of2009) (d) M/s Crest Steel Power Pvt. Ltd. vs. CCE, Raipur (E/A No. 2367 of 2008) 2. Heard both the sides. 3. The dispute is with reference to availing cenvat credit on va .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

 

 

 

 

Quick Updates:Latest Updates