https://www.taxtmi.com/caselaws?id=120585 Man-made grey fabrics remained "inputs" for Cenvat credit purposes where they were used by the next user in the processing chain, even though they were finished goods in the manufacturer's hands. The interposition of a registered dealer did not alter the character of the goods as inputs, particularly where the notification contemplated credit on stock held by traders as well as processors. Rule 2(g) of the Cenvat Credit Rules, 2002 did not support denial of credit on the basis that the goods were not inputs in the dealer's hands, and the penal rule invoked proceeded on misuse of credit on inputs. Credit denial was therefore not sustainable. en-us Fri, 29 Dec 2006 00:00:00 +0530 Sat, 21 Jul 2012 14:22:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120585 Man-made grey fabrics remained "inputs" for Cenvat credit purposes where they were used by the next user in the processing chain, even though they were finished goods in the manufacturer's hands. The interposition of a registered dealer did not alter the character of the goods as inputs, particularly where the notification contemplated credit on stock held by traders as well as processors. Rule 2(g) of the Cenvat Credit Rules, 2002 did not support denial of credit on the basis that the goods were not inputs in the dealer's hands, and the penal rule invoked proceeded on misuse of credit on inputs. Credit denial was therefore not sustainable. Case-Laws Central Excise Fri, 29 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120585