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of <h1>New Section 5B in Central Excise Act: Notifications Allow Non-Reversal of CENVAT Credit When Manufacturing Deemed Non-Exciseable</h1> Section 5B is added to the Central Excise Act, allowing the Central Government to issue notifications for non-reversal of CENVAT credit when a court rules that the manufacturing process of a product is not subject to excise duty. This applies if the assessee has paid excise duty and received credit for inputs, capital goods, and services used in production. Conditions may be specified in the notification. However, non-reversal does not apply if the assessee claims a refund of excise duty. The notification may also address non-reversal of credit taken by the product's buyer.
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