https://www.taxtmi.com/caselaws?id=233504 Cenvat credit on furnace oil used in job-work manufacture is stated to remain admissible where the inputs are used in producing goods that ultimately suffer duty, because the Rule 57C bar does not apply merely due to intermediate clearance for further processing in the principal manufacturer's factory. The note relies on settled Larger Bench precedent and the scheme's anti-cascading purpose to support credit availability when statutory conditions are otherwise met. On that basis, the related claims for interest and penalty were treated as consequential and not independently sustainable. en-us Tue, 09 Apr 2013 00:00:00 +0530 Sat, 04 May 2013 07:55:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=233504 Cenvat credit on furnace oil used in job-work manufacture is stated to remain admissible where the inputs are used in producing goods that ultimately suffer duty, because the Rule 57C bar does not apply merely due to intermediate clearance for further processing in the principal manufacturer's factory. The note relies on settled Larger Bench precedent and the scheme's anti-cascading purpose to support credit availability when statutory conditions are otherwise met. On that basis, the related claims for interest and penalty were treated as consequential and not independently sustainable. Case-Laws Central Excise Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233504