liable to pay interest in terms of Rule 14 of the CENVAT Credit Rules, 2004 on a total amount of excess credit ... subsequently amended so as to create interest liability in respect of CENVAT credit taken and utilized wrongly. This amendment was made by way of substitution
order of the Settlement
Commission regarding payment of interest on the CENVAT
credit, has held that the appellants herein have wrongly
claimed interest ... CENVAT credit, from the date when
such credit was wrongly availed instead of the date when
such credit was actually utilized. The High Court
entitled to take, in his electronic credit ledger, the amount of CENVAT credit [of eligible duties] [Inserted by Act No. 31 of 2018 , dated ... entitled to take, in his electronic credit ledger, credit of the unavailed CENVAT credit in respect of capital goods, not carried forward in a return
Rules 2002
insofar as the said rule prohibits an assessee from utilising cenvat
credit for payment of excise duty. The petitioner has also prayed ... clear the future consignments upon actual payment of duty
without utilizing cenvat credit till the outstanding duty with interest
Page
respondents paid service tax on GTA service received for inward transport through cenvat credit account by their manufacturing unit by making a debit entry ... cenvat credit account. The respondents have taken the credit of service tax of Rs.2,87,663/- so paid for payment of Central Excise duty
present civil appeal is : whether the
Department is right in reversing proportionate CENVAT credit to
the extent of power wheeled out by the appellant ... word "input" as defined in Rule 2(g) of
CENVAT Credit Rules, 2002.
3. M/s. Maruti Suzuki Ltd. (appellant) is engaged
goods cleared from its unit. The manufacturer has to first
utilize the Cenvat Credit for discharging duty liability on final products,
and the remaining amount ... India.
11. Vide Notifications dated 27.3.2008 and 10.6.2008, the benefit of
Cenvat Credit was withdrawn. The appellant challenged the notification
through Writ Petition
consideration are as to the entitlement of
the Respondents/ assessees to Modvat/ Cenvat Credit for the use of
inputs in the manufacture of final products ... issue is as to whether the Assessees (respondents) are entitled to
Modvat/ Cenvat Credit on inputs used in the manufacture of the
aforementioned exempted
capital goods"
namely, limestone crusher, mining equipment etc. under Cenvat
Credit Rules, 2000, 2001 & 2002 arise for determination.
Since common questions ... rule 57AA of Central Excise Rules, 1944; rule
2(f) of the Cenvat Credit Rules, 2001 and rule 2(g) of Cenvat
Credit Rules
30949 of 2018(O&M) #4#
unutilized CENVAT credit of duty paid under Central Excise Act, 1944 and
Input Tax Credit (for short ... already suffered duty under erstwhile Taxation Statutes or they were having
unutilized CENVAT credit accrued under Central Excise Act, 1944 or Input
Tax Credit accrued
