https://www.taxtmi.com/caselaws?id=120479 The appeal against the Commissioner (Appeals) order, which favored the appellants regarding the reversal of Cenvat credit on molasses lost during storage for exempted products, was successful. The Commissioner found that the Cenvat credit on molasses used in manufacturing final products cannot be denied, even if losses occur during storage. The department's argument that inputs used in exempted products should not be eligible for credit was rejected. The appeal was dismissed, affirming the decision in favor of the appellants and providing clarity on Cenvat credit rules and storage losses in manufacturing processes. en-us Thu, 23 Nov 2006 00:00:00 +0530 Fri, 20 Jul 2012 12:18:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120479 The appeal against the Commissioner (Appeals) order, which favored the appellants regarding the reversal of Cenvat credit on molasses lost during storage for exempted products, was successful. The Commissioner found that the Cenvat credit on molasses used in manufacturing final products cannot be denied, even if losses occur during storage. The department's argument that inputs used in exempted products should not be eligible for credit was rejected. The appeal was dismissed, affirming the decision in favor of the appellants and providing clarity on Cenvat credit rules and storage losses in manufacturing processes. Case-Laws Central Excise Thu, 23 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120479