https://www.taxtmi.com/caselaws?id=248516 CENVAT credit is available on inputs and input services used in biscuits exported under bond, even though the same products may be exempt for domestic sale on an MRP or Retail Sales Price basis. The MRP regime applies only to goods intended for sale in India and has no extraterritorial operation for exports, so a domestic exemption linked to retail sale cannot be extended to export clearances. Rule 6(6)(v) of the CENVAT Credit Rules, 2004 preserves credit for goods exported, and clearance under bond under Rule 19 of the Central Excise Rules, 2002 supports that position. The duty demand and penalty were therefore unsustainable. en-us Fri, 23 May 2014 00:00:00 +0530 Mon, 12 Jan 2015 16:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248516 CENVAT credit is available on inputs and input services used in biscuits exported under bond, even though the same products may be exempt for domestic sale on an MRP or Retail Sales Price basis. The MRP regime applies only to goods intended for sale in India and has no extraterritorial operation for exports, so a domestic exemption linked to retail sale cannot be extended to export clearances. Rule 6(6)(v) of the CENVAT Credit Rules, 2004 preserves credit for goods exported, and clearance under bond under Rule 19 of the Central Excise Rules, 2002 supports that position. The duty demand and penalty were therefore unsustainable. Case-Laws Central Excise Fri, 23 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248516