https://www.taxtmi.com/caselaws?id=209253 CENVAT credit on bought out parts cleared along with exported complete machinery was held admissible because the parts formed part of the assessable value of the machinery, rebate had already been sanctioned treating the goods as machinery, and the transaction was revenue neutral as duty was paid on clearance. The Tribunal found the departmental authorities' reliance on contrary precedents inapplicable. The demand for reversal of credit, with interest and penalty, was therefore not sustainable. en-us Thu, 17 Mar 2011 00:00:00 +0530 Thu, 25 Jul 2013 13:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209253 CENVAT credit on bought out parts cleared along with exported complete machinery was held admissible because the parts formed part of the assessable value of the machinery, rebate had already been sanctioned treating the goods as machinery, and the transaction was revenue neutral as duty was paid on clearance. The Tribunal found the departmental authorities' reliance on contrary precedents inapplicable. The demand for reversal of credit, with interest and penalty, was therefore not sustainable. Case-Laws Central Excise Thu, 17 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209253