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2018 (2) TMI 912 - AT - Central ExciseCENVAT credit - manufacture of dutiable and exempted finished goods - non-maintenance of separate records - Rule 6(3) of Cenvat Credit Rules 2004 - Held that: - the Slag which is a waste product arises during the manufacturing of MS Billets and the same is also exempted by virtue of N/N. 12/2012 dated 17.03.2012 - Slag is a waste product and is not excisable. The provisions of Rule 6(2) and Rule 6(3) of the Cenvat Credit Rules, 2004 are not applicable to this case as the Slag emerges as inevitable waste and therefore, the manufacturer is not required to maintain separate account with regard to the Slag - appeal allowed - decided in favor of appellant
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