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2018 (5) TMI 1707 - AT - Central ExciseCENVAT credit - electricity produced in the factory premises and consumed for production of excisable goods - common input for excisable and exempt goods - captive consumption of electricity - non-maintenance of separate records - Held that: - It is now settled law that electricity produced in the factory premises and consumed for production of excisable goods, assessee is entitled to avail Cenvat credit on inputs used for generation of electricity or steam and that if any surplus electricity is wheeled out, to that extent assessee is not entitled to avail Cenvat Credit in respect of inputs utilized for generation of electricity which is not used within factory premises. Appellant having reversed the entire Cenvat Credit attributable to the common inputs used in production of electricity is sufficient compliance of law and hence provision of Rule 6(3) are not attracted in the case in hand. Appeal allowed - decided in favor of appellant.
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