Chapter II A - Indicating amount of duty in the price of goods, etc., for purpose of refund and crediting certain amounts to the fund (From Section 12A to Section 12D)
Non-reversal of input credit permitted where a final product is later held non-excisable, subject to notification and refund exception. Where an assessee paid excise duty on a final product and was allowed credit on inputs, capital goods and input services, the Central Government may, by notification, order non-reversal of such credit if a court later holds the manufacturing process not chargeable to excise duty, subject to conditions specified in the notification; the non-reversal does not apply where the assessee has claimed a refund, and the notification may also cover credit taken by the buyer.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Non-reversal of input credit permitted where a final product is later held non-excisable, subject to notification and refund exception.
Where an assessee paid excise duty on a final product and was allowed credit on inputs, capital goods and input services, the Central Government may, by notification, order non-reversal of such credit if a court later holds the manufacturing process not chargeable to excise duty, subject to conditions specified in the notification; the non-reversal does not apply where the assessee has claimed a refund, and the notification may also cover credit taken by the buyer.
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