2007 (6) TMI 152

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..... 2. The appellants use Molasses for manufacture of Denatured Ethyl Alcohol, which is excisable and Ethyl Alcohol of human consumption which is not excisable. They have taken credit for duty paid on molasses. The Adjudicating Commissioner has disallowed the Cenvat credit taken by the assessee amounting to Rs. 77,65,876.00 and has also imposed a penalty of Rs. 10,00,000,00 (Rupees Ten lakhs). 3. Sh .....

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..... ns under Rule 6 is not applicable to the goods at band. Further, we find that the main Rule 3 of the Cenvat Credit Rules, 2004 allows a manufacturer of final product to take credit of duty on inputs. The expression "Final Product" has been defined as excisable goods under Rule 2 of the said Rules. In view of the fact that Ethyl Alcohol for human consumption is not excisable, the same also cannot .....

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