Cenvat credit eligibility: credits disallowed for inputs exclusively used in exempted goods or services, with narrow exceptions. Credit on capital goods or inputs is not admissible where they are used exclusively for exempted goods or exempted services as defined; the illustrative exclusions do not limit the principle that items used primarily for personal or employee consumption are ineligible. The expression 'no relationship whatsoever with the manufacture of a final product' is to be interpreted narrowly so that goods and services used in or in relation to manufacture remain creditable unless specifically denied. Sub-rules 6(3B) and 6(3C) apply separately to each registration for specified financial and insurance services, and services completed before the rule change remain eligible for credit.
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.
Cenvat credit eligibility: credits disallowed for inputs exclusively used in exempted goods or services, with narrow exceptions.
Credit on capital goods or inputs is not admissible where they are used exclusively for exempted goods or exempted services as defined; the illustrative exclusions do not limit the principle that items used primarily for personal or employee consumption are ineligible. The expression "no relationship whatsoever with the manufacture of a final product" is to be interpreted narrowly so that goods and services used in or in relation to manufacture remain creditable unless specifically denied. Sub-rules 6(3B) and 6(3C) apply separately to each registration for specified financial and insurance services, and services completed before the rule change remain eligible for credit.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
