https://www.taxtmi.com/caselaws?id=174028 Where molasses is used as a common input to manufacture rectified spirit and other dutiable products, and the rectified spirit is then captively consumed in making non-excisable Indian Made Liquor, the relevant product for the reversal mechanism remains the excisable intermediate product. The Tribunal noted that reversal under Rule 57CC/Rule 57AD was already being made at 8% of the value of rectified spirit, and that method was sufficient because rectified spirit, not Indian Made Liquor, was the product to which the credit reversal rule applied. The demand for reversal of the entire Modvat/Cenvat credit and the penalty were therefore not sustainable. en-us Wed, 05 May 2004 00:00:00 +0530 Mon, 28 Sep 2015 13:12:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174028 Where molasses is used as a common input to manufacture rectified spirit and other dutiable products, and the rectified spirit is then captively consumed in making non-excisable Indian Made Liquor, the relevant product for the reversal mechanism remains the excisable intermediate product. The Tribunal noted that reversal under Rule 57CC/Rule 57AD was already being made at 8% of the value of rectified spirit, and that method was sufficient because rectified spirit, not Indian Made Liquor, was the product to which the credit reversal rule applied. The demand for reversal of the entire Modvat/Cenvat credit and the penalty were therefore not sustainable. Case-Laws Central Excise Wed, 05 May 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174028