https://www.taxtmi.com/caselaws?id=252838 Cenvat credit was considered admissible where imported inputs were sent to a job worker under challans, the job worker paid duty on the returned intermediate goods, and the principal manufacturer claimed credit of that duty. The Tribunal treated the Modvat and Cenvat job-work framework as materially equivalent and held that substantive credit could not be denied merely because of procedural non-compliance in the job-work route. It also treated the arrangement as revenue neutral and noted that no actual double benefit was taken, because the job worker had not availed credit on the inputs. On that basis, disallowance of credit and the penalty could not stand. en-us Fri, 05 Sep 2014 00:00:00 +0530 Wed, 05 Nov 2014 10:40:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252838 Cenvat credit was considered admissible where imported inputs were sent to a job worker under challans, the job worker paid duty on the returned intermediate goods, and the principal manufacturer claimed credit of that duty. The Tribunal treated the Modvat and Cenvat job-work framework as materially equivalent and held that substantive credit could not be denied merely because of procedural non-compliance in the job-work route. It also treated the arrangement as revenue neutral and noted that no actual double benefit was taken, because the job worker had not availed credit on the inputs. On that basis, disallowance of credit and the penalty could not stand. Case-Laws Central Excise Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252838