CUSTOMS, EXCISE & SERVICE TAX APPELLATE TRIBUNAL BANGALORE REGIONAL BENCH - COURT NO. 2 Central Excise Appeal No. 21035 of 2017 (Arising out of Order-in-Original No. BEL/EXCUS/000/COM/BKK/057/16-17 dated

30.03.2017 passed by the Commissioner of Central Excise and Customs, Belgaum)

M/s. Jindal Saw Limited Jindal Centre, 12 Bhikaji Cama Place, New Delhi. - 110066. ........Appellant VERSUS Commissioner of Central Excise, Belgaum No. 71, Club Road, Belgaum, Karnataka – 590001. ............Respondent Appearance:

Mr. Muthu Venkatraman & Mr. Aryaman Ghulati, Advocates for the Appellant Mr. Vinod Kumar Garhwal, Authorised Representative (AR) for the Respondent CORAM:

Hon'ble Mr. P.A. Augustian, Member (Judicial)

Hon'ble Mr. Pullela Nageswara Rao, Member (Technical)

Final Order No. 20285 /2026 Date of Hearing: 23.09.2025 Date of Decision: 12.03.2026 Per: P. A. Augustian The present appeal is filed by M/s. Sathavahana Ispat Ltd (herein after referred as assessee) against the impugned order dated 30.03.2017 challenging recovery of CENVAT credit availed allegedly irregularly during the period from 17.03.2012 to 31.03.2015. However, during pendency of the present appeal, insolvency proceedings were