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TMI Blog2018 (9) TMI 1652X X X X Extracts X X X X X X X X Extracts X X X X ..... CESTAT CHENNAI], where it was held that the assesse has to necessarily pay an amount equivalent to the credit availed on inputs, inputs in the process of manufacture and inputs in the final products lying in stock either by deducting the amount from the balance available in their books of accounts and, if there is no sufficient balance, then, by way of cash payment. With regard to the balance cre ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ring today i.e., on 06.08.2018. 2. Shri. M. Karthikeyan, Ld. Advocate appeared for the appellant and Shri. S. Govindarajan, Ld. Department Representative (DR) appeared for the Revenue. 3.1 During the course of hearing, Ld. Advocate appearing for the assessee pleaded that the issue involved in these cases is no more res integra since this very Bench has considered this issue in Appeal Nos. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s not applicable to a manufacturer who avails exemption under Notification No. 8/2003-CE dated 01.03.2003. The nil rate of tax is therefore available subject to the satisfaction of both the above conditions. An identical issue came to be decided by this Bench in a batch matter in the case of M/s. Kovai Maruthi Paper and Boards Ors. Vs. CCE, Salem (supra) involving the following issue extr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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