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Cenvat reversal on inputs cleared as such FIFO system to be followed
Case Law Details
- Case Name
- Wimplast Ltd. Vs C.C.E. & S.T. (CESTAT Ahmadabad)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All CESTAT, CESTAT Ahmedabad
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Wimplast Ltd. Vs C.C.E. & S.T. (CESTAT Ahmadabad)
In this case demand was made by the Revenue of differential Cenvat amount, considering the inputs removed as such is out of the current purchase, therefore, there is difference of duty. However, on perusal of the running stock account, I find that the quantity removed from time to time was carried forward from the old stock and the stock balance of the input was much more than the quantity cleared by the appellant. Therefore, if FIFO system is applied then the removal of input must be considered from the old stock in such a position it cann...
