CENVAT credit non-reversal permitted for metallised plastic film where duty paid on removal, subject to specified conditions. Where excise duty has been paid on metallised plastic film, CENVAT credit taken or utilized in making that final product shall not be required to be reversed notwithstanding a judicial finding that the metallization process did not amount to manufacture, provided the credit was taken up to the controlling judicial date, excise duty was paid on removal of the final product, and the assessee does not claim refund; buyer CENVAT credit on products made and cleared within the same temporal limit 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 permitted for metallised plastic film where duty paid on removal, subject to specified conditions.
Where excise duty has been paid on metallised plastic film, CENVAT credit taken or utilized in making that final product shall not be required to be reversed notwithstanding a judicial finding that the metallization process did not amount to manufacture, provided the credit was taken up to the controlling judicial date, excise duty was paid on removal of the final product, and the assessee does not claim refund; buyer CENVAT credit on products made and cleared within the same temporal limit also need not be reversed.
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