Availability of cenvat credit of the duty paid on the inputs used in the manufacture of branded goods on which duty is paid by a manufacturer who has opted to avail exemption on payment of duty based on the value of clearance as per SSI exemption notification.

Availability of cenvat credit of the duty paid on the inputs used in the manufacture of branded goods on which duty is paid by a manufacturer who has opted to avail exemption on payment of duty based on the value of clearance as per SSI exemption notification. https://www.taxtmi.com/circulars?id=5560 Availability of cenvat credit for inputs used in manufacture of branded goods while availing SSI exemption based on value of clearance presents conflicting interpretations: an earlier apex decision disallowed simultaneous credit and exemption, whereas a later tribunal decision permitted it under subsequent notification wording. As an appeal against the tribunal decision has been admitted in the Supreme Court, the Board directs that such cases be kept pending in call book awaiting the outcome. en-us Mon, 19 Jan 2009 00:00:00 +0530 Sat, 28 Feb 2009 17:43:00 +0530 TaxTMI RSS Generator Availability of cenvat credit of the duty paid on the inputs used in the manufacture of branded goods on which duty is paid by a manufacturer who has opted to avail exemption on payment of duty based on the value of clearance as per SSI exemption notification. https://www.taxtmi.com/circulars?id=5560 Availability of cenvat credit for inputs used in manufacture of branded goods while availing SSI exemption based on value of clearance presents conflicting interpretations: an earlier apex decision disallowed simultaneous credit and exemption, whereas a later tribunal decision permitted it under subsequent notification wording. As an appeal against the tribunal decision has been admitted in the Supreme Court, the Board directs that such cases be kept pending in call book awaiting the outcome. Circulars Central Excise Mon, 19 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5560