https://www.taxtmi.com/caselaws?id=221419 Exemption under Notification No. 67/95 was available for electrical laminations captively consumed in the manufacture of stators and rotors cleared at nil duty, because the manufacturer had already reversed credit equal to 8% of the price of the exempted goods cleared against CT-2 certificates. Where common inputs are used for both dutiable and exempt goods and separate accounts are not maintained, Rule 57AD requires payment of 8% of the price of the exempted goods; that condition was treated as satisfied here. Accordingly, denial of exemption for the intermediate product was not justified and the demand on electrical laminations was not sustainable. en-us Wed, 17 Oct 2012 00:00:00 +0530 Mon, 11 Mar 2013 11:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221419 Exemption under Notification No. 67/95 was available for electrical laminations captively consumed in the manufacture of stators and rotors cleared at nil duty, because the manufacturer had already reversed credit equal to 8% of the price of the exempted goods cleared against CT-2 certificates. Where common inputs are used for both dutiable and exempt goods and separate accounts are not maintained, Rule 57AD requires payment of 8% of the price of the exempted goods; that condition was treated as satisfied here. Accordingly, denial of exemption for the intermediate product was not justified and the demand on electrical laminations was not sustainable. Case-Laws Central Excise Wed, 17 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221419