https://www.taxtmi.com/caselaws?id=264866 When inputs on which CENVAT credit has been taken are removed as such from the factory, reversal of the credit availed on receipt satisfies the statutory requirement under the relevant credit rules. A further duty demand on the basis that the inputs are deemed to have been manufactured in the factory is inconsistent with that interpretation and is unsustainable. The Tribunal therefore set aside the impugned order and allowed the appeal in favour of the assessee. en-us Wed, 21 Jan 2015 00:00:00 +0530 Sun, 04 Oct 2015 20:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264866 When inputs on which CENVAT credit has been taken are removed as such from the factory, reversal of the credit availed on receipt satisfies the statutory requirement under the relevant credit rules. A further duty demand on the basis that the inputs are deemed to have been manufactured in the factory is inconsistent with that interpretation and is unsustainable. The Tribunal therefore set aside the impugned order and allowed the appeal in favour of the assessee. Case-Laws Central Excise Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264866