https://www.taxtmi.com/caselaws?id=239930 The Tribunal held that labeling 'polyurethane resin' as 'solvent free adhesive' did not amount to manufacture under the law, rejecting the appellant's claim for Cenvat credit. The decision emphasized the necessity for assessing the proper credit utilization and adjusting the demand, interest, and penalty amounts accordingly. The Tribunal directed the lower authority to determine the credit utilized for resin clearance and reduce the demand accordingly, highlighting that not all credit was used for the resin. en-us Wed, 12 Jun 2013 00:00:00 +0530 Sun, 24 Nov 2013 07:26:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=239930 The Tribunal held that labeling 'polyurethane resin' as 'solvent free adhesive' did not amount to manufacture under the law, rejecting the appellant's claim for Cenvat credit. The decision emphasized the necessity for assessing the proper credit utilization and adjusting the demand, interest, and penalty amounts accordingly. The Tribunal directed the lower authority to determine the credit utilized for resin clearance and reduce the demand accordingly, highlighting that not all credit was used for the resin. Case-Laws Central Excise Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=239930