Credit of duty on inputs may be allowed despite an unspecified intermediate product if statutory specification conditions are met. Insertion of a new sub-rule authorises the Assistant Commissioner of Central Excise to allow credit of duty paid on inputs used in manufacturing a final product notwithstanding production of an intermediate product not specified earlier, provided the Assistant Commissioner is satisfied that the inputs and final products were specified under the earlier specification regime prior to its omission and were specified as inputs or final products under the subsequent regime as on the operative cutoff date.
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.
Credit of duty on inputs may be allowed despite an unspecified intermediate product if statutory specification conditions are met.
Insertion of a new sub-rule authorises the Assistant Commissioner of Central Excise to allow credit of duty paid on inputs used in manufacturing a final product notwithstanding production of an intermediate product not specified earlier, provided the Assistant Commissioner is satisfied that the inputs and final products were specified under the earlier specification regime prior to its omission and were specified as inputs or final products under the subsequent regime as on the operative cutoff date.
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