https://www.taxtmi.com/caselaws?id=152175 Cenvat credit on furnace oil used in manufacture of rough steel forgings was held not liable to reversal because goods cleared by a job worker under Notification No. 214/86-C.E. are not treated as exempted goods. The Tribunal also held that waste and scrap generated during manufacture are final products within the credit scheme, so credit could be used to pay duty on their clearance. On that basis, the reversal demand and connected penalty were unsustainable, and relief was granted. en-us Fri, 20 Nov 2009 00:00:00 +0530 Wed, 26 Jun 2013 10:20:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152175 Cenvat credit on furnace oil used in manufacture of rough steel forgings was held not liable to reversal because goods cleared by a job worker under Notification No. 214/86-C.E. are not treated as exempted goods. The Tribunal also held that waste and scrap generated during manufacture are final products within the credit scheme, so credit could be used to pay duty on their clearance. On that basis, the reversal demand and connected penalty were unsustainable, and relief was granted. Case-Laws Central Excise Fri, 20 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152175