CENVAT credit non-reversal allowed for aluminium foil processing where excise duty is paid on removal; refund claims barred. CENVAT credit on inputs, capital goods and input services used in cutting, slitting and printing of aluminium foils (heading 7607) shall not be required to be reversed notwithstanding that those processes were held not to amount to manufacture, provided the credit was taken up to 15th March, 2012, excise duty has been paid on removal of the final product, and the assessee does not claim a refund of that excise duty; buyers' CENVAT credit in respect of excise duty paid by the assessee on products made and cleared up to 15th March, 2012 also need not be reversed.
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 non-reversal allowed for aluminium foil processing where excise duty is paid on removal; refund claims barred.
CENVAT credit on inputs, capital goods and input services used in cutting, slitting and printing of aluminium foils (heading 7607) shall not be required to be reversed notwithstanding that those processes were held not to amount to manufacture, provided the credit was taken up to 15th March, 2012, excise duty has been paid on removal of the final product, and the assessee does not claim a refund of that excise duty; buyers' CENVAT credit in respect of excise duty paid by the assessee on products made and cleared up to 15th March, 2012 also need not be reversed.
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