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1 - 3 of 3 (1.26 seconds)Section 93 in Finance Act, 1999 [Entire Act]
Commr.Of Central Excise, Bangalore Ii vs M/S Gokaldas Intimate Wear P.Ltd. on 26 February, 2016
3. In appeal against the impugned order the appellant has argued that the cenvat credit carried forward from 2004 has been rightly earned by them and that the amendment introduced by the provision of Rules 11(3) of the Cenvat Credit Rules, 2004 will have only prospective effect and cannot be used to lapse the credits accumulated by them. They further relied upon the decision of the Honble High Court of Karnataka in the case of Commissioner of C.Ex. Bangalore-II Vs. Gokaldas Intimate Wear reported in 2011 (270) ELT 351 (kar.) in which a similar issue has been decided in their favour.
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