https://www.taxtmi.com/caselaws?id=76383 The Tribunal upheld the duty demands against the assessees, requiring them to pay an amount equal to the CENVAT credit taken on forgings converted into scrap as the process did not amount to manufacture. The Tribunal emphasized the need for credit reversal based on Rule 16 of the Central Excise Rules, 2002, despite the assessees' argument citing a previous decision. The case was remitted for a fresh decision on the time-bar issue, ensuring a fair opportunity for defense. The importance of complying with CENVAT credit regulations in similar scenarios was underscored in the judgment delivered on 12-10-2009. en-us Mon, 12 Oct 2009 00:00:00 +0530 Wed, 23 Jun 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=76383 The Tribunal upheld the duty demands against the assessees, requiring them to pay an amount equal to the CENVAT credit taken on forgings converted into scrap as the process did not amount to manufacture. The Tribunal emphasized the need for credit reversal based on Rule 16 of the Central Excise Rules, 2002, despite the assessees' argument citing a previous decision. The case was remitted for a fresh decision on the time-bar issue, ensuring a fair opportunity for defense. The importance of complying with CENVAT credit regulations in similar scenarios was underscored in the judgment delivered on 12-10-2009. Case-Laws Central Excise Mon, 12 Oct 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=76383