https://www.taxtmi.com/caselaws?id=174395 CENVAT credit on furnace oil used as fuel was not admissible to the extent it was consumed in manufacturing exempted goods under Rule 57AD. The Court applied the principle that credit cannot be retained for inputs used in exempt production, and the Tribunal could not continue to rely on a Larger Bench view once the Supreme Court had reversed that position. The credit claim was therefore disallowed for the exempted-goods portion, and the order in favour of the assessee was set aside. en-us Thu, 24 Mar 2011 00:00:00 +0530 Tue, 04 Apr 2017 11:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174395 CENVAT credit on furnace oil used as fuel was not admissible to the extent it was consumed in manufacturing exempted goods under Rule 57AD. The Court applied the principle that credit cannot be retained for inputs used in exempt production, and the Tribunal could not continue to rely on a Larger Bench view once the Supreme Court had reversed that position. The credit claim was therefore disallowed for the exempted-goods portion, and the order in favour of the assessee was set aside. Case-Laws Central Excise Thu, 24 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174395