TMI Blog2014 (3) TMI 380X X X X Extracts X X X X X X X X Extracts X X X X ..... er, the jobworker is not required to reverse input credit. assessee is not required to reverse CENVAT credit on inputs which has gone into manufacture of final product by jobworker which were ultimately suffered duty at the end of principal manufacturer - Following decision of M/s Sterlite Industries (I) Ltd. [2008 (8) TMI 783 - BOMBAY HIGH COURT] - Decided against Revenue. - Appeal No.E/3386/05 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g of jobwork goods where credit on inputs has been availed by the respondent on jobwork goods is required to be reversed as jobwork has not suffered duty. Therefore, a show-cause notice was issued proposing demand of duty along with interest and penalty was also imposed. The matter was adjudicated and converted into an adjudication order. On appeal before the Commissioner (Appeals) the learned Com ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 9;ble High Court of Bombay by relying upon the Hon'ble Apex Court decision in the case of Escorts Ltd. - 2004 (171) ELT 145 (SC) wherein the Hon'ble Apex Court held that the CENVAT credit of duty paid on inputs used in manufacture of product cleared without payment of duty by jobworker for further utilization in manufacture of final product, which are cleared on payment of duty by principa ..... X X X X Extracts X X X X X X X X Extracts X X X X
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