https://www.taxtmi.com/caselaws?id=171200 The Tribunal held that the process of slitting and pickling of HR coils does not amount to manufacturing. The appellant was entitled to avail Cenvat credit on HR coils used in the process, as the duty paid on the final product exceeded the credit availed, resulting in revenue neutrality. The absence of a Section 5B notification did not affect the appellant's right to Cenvat credit. The Tribunal emphasized that Board circulars cannot override judicial decisions. The penalty imposed on the appellant and its officials was set aside, and the appeal was allowed, providing consequential relief to the appellants. en-us Mon, 29 Sep 2014 00:00:00 +0530 Fri, 19 Jun 2015 11:06:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171200 The Tribunal held that the process of slitting and pickling of HR coils does not amount to manufacturing. The appellant was entitled to avail Cenvat credit on HR coils used in the process, as the duty paid on the final product exceeded the credit availed, resulting in revenue neutrality. The absence of a Section 5B notification did not affect the appellant's right to Cenvat credit. The Tribunal emphasized that Board circulars cannot override judicial decisions. The penalty imposed on the appellant and its officials was set aside, and the appeal was allowed, providing consequential relief to the appellants. Case-Laws Central Excise Mon, 29 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171200