https://www.taxtmi.com/caselaws?id=205839 The Tribunal ruled in favor of the appellants, allowing them to avail CENVAT credit on duty paid Acetone used in manufacturing Ethylene Glycols. The decision was influenced by a previous Bombay High Court ruling, establishing a precedent that supported the appellants' position. Despite the Revenue's arguments, the Tribunal relied on the binding nature of the High Court's decision, granting consequential relief to the appellants without further scrutiny of the movement of Acetone under Rule 4(5) or the definition of inputs. en-us Thu, 07 Apr 2011 00:00:00 +0530 Mon, 01 Aug 2011 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205839 The Tribunal ruled in favor of the appellants, allowing them to avail CENVAT credit on duty paid Acetone used in manufacturing Ethylene Glycols. The decision was influenced by a previous Bombay High Court ruling, establishing a precedent that supported the appellants' position. Despite the Revenue's arguments, the Tribunal relied on the binding nature of the High Court's decision, granting consequential relief to the appellants without further scrutiny of the movement of Acetone under Rule 4(5) or the definition of inputs. Case-Laws Central Excise Thu, 07 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205839