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2018 (8) TMI 404 - AT - Central ExciseCENVAT Credit - inputs used in manufacture of exempted as well as dutiable biscuits - the proportionate credit on exempted biscuits reversed - Held that:- There is no dispute about the reversal of Cenvat credit relatable to inputs which stand utilized in the manufacture of exempted final products - It stands held in number of decisions of the higher courts that such reversal of credit would lead to a situation as if no credit was ever availed. Inasmuch as the appellant have admittedly reversed the credit, there are no reasons to uphold the impugned orders directing them to pay 10% of the value of the exempted product - appeal allowed - decided in favor of appellant.
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