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TMI Blog2019 (8) TMI 1253X X X X Extracts X X X X X X X X Extracts X X X X ..... the same was legally required to be reversed at the time of transfer of the credit to the noticee s factory. HELD THAT:- The Adjudicating Authority is not disputing the fact of reversal of Cenvat credit availed on common input services by the head office. He is also not doubting the correctness of the said reversal. The said reversal has been made by the head office alongwith payment of intere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HON BLE SMT. ARCHANA WADHWA, MEMBER (JUDICIAL) AND HON BLE MR. ANIL G. SHAKKARWAR, MEMBER (TECHNICAL) Absent on Call for the Appellant Shri Sandeep Kumar Singh, Authorised Representative for the Respondent ORDER PER: ARCHANA WADHWA On matter being called, nobody appeared. Accordingly we have gone through ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... . Accordingly based upon the audit objection, they were issued a show cause notice for confirmation of demand on the said ground. 4. During the adjudication, appellant took a categorical stand that as the trading of the goods is being done by their head office located in Delhi through various depots and the credit was availed by the head office, they have reversed the proportionate ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appellant, alongwith confirmation of interest. He, further imposed penalty of ₹ 37,93,467/- on the appellant under Rule 15 of the Cenvat Credit Rules, 2004 read with Section 11AC (1)(b) of the Central Excise Act, 1944. The said order of the Commissioner is before us. 6. We note that the Adjudicating Authority is not disputing the fact of reversal of Cenvat credit availed on c ..... X X X X Extracts X X X X X X X X Extracts X X X X
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