M/S SRD NUTRIENTS(P) LTD. vs COMMISSIONER OF CENTRAL EXCISE — C.A. No. 9294/2012

Summary of C.A. No. 009294/2012 M/S SRD NUTRIENTS(P) LTD. v. COMMISSIONER OF CENTRAL EXCISE The Supreme Court dismissed SRD Nutrients' appeal challenging a Central Excise demand of Rs. 35,31,810 for excess refund under modified Notification No. 33/99-CE. The Court rejected the company's argument that the Revenue should have adjusted the demand against its available CENVAT credit of Rs. 98,38,935 without a formal request, holding that while Section 11 permits such adjustment, there is no statutory obligation to do so. On interest liability, the Court upheld that interest must be calculated under Section 153(4) of the Finance Act, 2003, chargeable from June 14, 2003 at 15% per annum. This case analysis is maintained by casestatus.in based on publicly available court records.