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2017 (7) TMI 517 - AT - Central ExciseCENVAT credit - input - fuel - Alleging that as per the definition of input under Rule 2(f) of Cenvat Credit Rules 2001, fuel is an input only when used in generation of electricity and steam, used for manufacture of final products within the factory of production, and that the credit taken on furnace oil used in the generation of steam not used within the factory but cleared to M/s. Futura Polymers is incorrect - Held that: - reliance placed in the case of COMMISSIONER OF C. EX., CHENNAI Versus INDIAN ORGANIC CHEMICALS LTD. [2014 (1) TMI 1570 - MADRAS HIGH COURT], where it was held that the assessee has used furnace oil in the generation of steam and the said steam was transferred altogether to a different unit situated outside the factory premises. Therefore, the case of the assessee would come under Rule 57B(1)(iv) - demand upheld - appeal allowed - decided in favor of Revenue.
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