https://www.taxtmi.com/caselaws?id=120482 Molasses used in the manufacture of rectified spirit, which was then used to produce denatured spirit, was treated as a common input for credit purposes. The Tribunal applied Rule 57AD and held that the credit restriction for inputs used in exempted goods was satisfied where the assessee had already paid 8% of the value of the exempted rectified spirit. It accepted that entitlement to credit depended on the actual use of the input in the manufacturing chain and the compliance already made. Credit on molasses was therefore admissible. en-us Tue, 28 Nov 2006 00:00:00 +0530 Fri, 20 Jul 2012 12:28:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120482 Molasses used in the manufacture of rectified spirit, which was then used to produce denatured spirit, was treated as a common input for credit purposes. The Tribunal applied Rule 57AD and held that the credit restriction for inputs used in exempted goods was satisfied where the assessee had already paid 8% of the value of the exempted rectified spirit. It accepted that entitlement to credit depended on the actual use of the input in the manufacturing chain and the compliance already made. Credit on molasses was therefore admissible. Case-Laws Central Excise Tue, 28 Nov 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120482