https://www.taxtmi.com/caselaws?id=233504 Cenvat or Modvat credit on furnace oil used in job-work manufacture remains available where the intermediate goods are cleared without duty for further use by the principal manufacturer and the final product is cleared on payment of duty. The Rule 57C bar does not apply merely because clearance at the intermediate stage is duty-free, provided statutory credit conditions are otherwise met. This approach prevents cascading of duty. Interest and penalty alleged for wrongful credit availment do not survive where the underlying credit is admissible. 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 or Modvat credit on furnace oil used in job-work manufacture remains available where the intermediate goods are cleared without duty for further use by the principal manufacturer and the final product is cleared on payment of duty. The Rule 57C bar does not apply merely because clearance at the intermediate stage is duty-free, provided statutory credit conditions are otherwise met. This approach prevents cascading of duty. Interest and penalty alleged for wrongful credit availment do not survive where the underlying credit is admissible. Case-Laws Central Excise Tue, 09 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=233504