Cenvat Credit Case: Separate Accounts for Inputs in Finished and Exempted Waste Products Deemed Impractical; Rules 6(2), 6(3) Inapplicable.

Cenvat Credit Case: Separate Accounts for Inputs in Finished and Exempted Waste Products Deemed Impractical; Rules 6(2), 6(3) Inapplicable. https://www.taxtmi.com/highlights?id=7091 Cenvat Credit - it is impossible to maintain separate account and inventory of the inputs used in the manufacture of finished products and exempted product (waste) - the provisions of Rules 6(2) and 6(3) cannot be invoked as lex non cogit and impossibilio is a well settled legal principle - AT en-us Mon, 11 Mar 2013 15:11:49 +0530 Mon, 11 Mar 2013 15:11:49 +0530 TaxTMI RSS Generator Cenvat Credit Case: Separate Accounts for Inputs in Finished and Exempted Waste Products Deemed Impractical; Rules 6(2), 6(3) Inapplicable. https://www.taxtmi.com/highlights?id=7091 Cenvat Credit - it is impossible to maintain separate account and inventory of the inputs used in the manufacture of finished products and exempted product (waste) - the provisions of Rules 6(2) and 6(3) cannot be invoked as lex non cogit and impossibilio is a well settled legal principle - AT Highlights Central Excise Mon, 11 Mar 2013 15:11:49 +0530 https://www.taxtmi.com/highlights?id=7091