https://www.taxtmi.com/caselaws?id=240244 CENVAT credit on sealant tape removed as such to a SEZ developer or for export under bond was held not recoverable under Rule 3(5) of the CENVAT Credit Rules, 2004. The goods were treated as inputs within Rule 2(k), but since they were cleared without being used in manufacture, the dispute turned on whether such removals attracted reversal. The Tribunal accepted that clearances to a SEZ developer are to be treated as export, and that removal of inputs or capital goods as such for export under bond is permissible. Relying on an earlier Tribunal view and noting no contrary Revenue decision, it held the demand for reversal unsustainable. en-us Thu, 08 Aug 2013 00:00:00 +0530 Fri, 29 Nov 2013 06:16:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240244 CENVAT credit on sealant tape removed as such to a SEZ developer or for export under bond was held not recoverable under Rule 3(5) of the CENVAT Credit Rules, 2004. The goods were treated as inputs within Rule 2(k), but since they were cleared without being used in manufacture, the dispute turned on whether such removals attracted reversal. The Tribunal accepted that clearances to a SEZ developer are to be treated as export, and that removal of inputs or capital goods as such for export under bond is permissible. Relying on an earlier Tribunal view and noting no contrary Revenue decision, it held the demand for reversal unsustainable. Case-Laws Central Excise Thu, 08 Aug 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240244