Applicability of transitional provisions CCR Rule 11(3) to both sub-rules 3(i) & 3(ii)

Jansons Textile Processors Vs Commissioner of Central Excise & ST Salem (CESTAT Chennai) The facts of the matter are that appellants are manufacturers of cotton textile fabrics and made ups. They were clearing some of the final products on payment of duty as per Notification No.29/2004-CE and claimed exemption under notification No.30/2004-CE on other products. With effect from 11.05.2008, they opted to clear all the goods claiming exemption under notification No.30/2004-CE– At the time of exemption, appellants had reversed cenvat credit of Rs.1 ,88,337/- on inputs held in stock as o...