https://www.taxtmi.com/caselaws?id=117369 MODVAT/CENVAT credit, once validly earned, may be used for payment of duty on any final product manufactured by the assessee. Rule 3(3) of the Cenvat Credit Rules, 2002 was applied on the basis that credit forms an indefeasible pool and is not required to be co-related to a particular input or product line. The Tribunal's analysis also relied on the Board's circular recognising that no product-wise restriction applies to the use of earned credit. Product-wise segregation of credit was therefore impermissible, and cross-utilisation across final products was permissible, making the demand based on such segregation unsustainable. en-us Mon, 09 Jan 2006 00:00:00 +0530 Fri, 22 Jun 2012 12:06:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117369 MODVAT/CENVAT credit, once validly earned, may be used for payment of duty on any final product manufactured by the assessee. Rule 3(3) of the Cenvat Credit Rules, 2002 was applied on the basis that credit forms an indefeasible pool and is not required to be co-related to a particular input or product line. The Tribunal's analysis also relied on the Board's circular recognising that no product-wise restriction applies to the use of earned credit. Product-wise segregation of credit was therefore impermissible, and cross-utilisation across final products was permissible, making the demand based on such segregation unsustainable. Case-Laws Central Excise Mon, 09 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117369