https://www.taxtmi.com/caselaws?id=256266 Book adjustment reflected in the assessee's accounts was treated as consideration for electricity wheeled to a sister unit, so proportionate Cenvat credit on Naphtha used to generate that electricity was upheld. The Tribunal accepted that absence of cash payment did not defeat recovery of the credit where the transfer was evidenced through journal entries and supporting records. On interest, the factual question whether the credit had actually been utilised during the relevant period required reconsideration, so that issue was remanded for fresh adjudication. en-us Tue, 23 Dec 2014 00:00:00 +0530 Thu, 05 Feb 2015 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=256266 Book adjustment reflected in the assessee's accounts was treated as consideration for electricity wheeled to a sister unit, so proportionate Cenvat credit on Naphtha used to generate that electricity was upheld. The Tribunal accepted that absence of cash payment did not defeat recovery of the credit where the transfer was evidenced through journal entries and supporting records. On interest, the factual question whether the credit had actually been utilised during the relevant period required reconsideration, so that issue was remanded for fresh adjudication. Case-Laws Central Excise Tue, 23 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=256266