https://www.taxtmi.com/caselaws?id=174664 The Tribunal ruled in favor of the appellant, a 100% EOU manufacturing absorbent cotton, allowing their appeal against the disallowance of Cenvat credit amounting to &8377;1,01,23,236/- along with penalty under Rule 15(3) of Cenvat Credit Rules, 2004. The dispute arose from the denial of credit by the department due to the appellant availing benefits under an Exemption Notification while clearing goods for export without separate accounts. The Tribunal emphasized the availability of Cenvat credit for exported final products, regardless of exemption status, citing relevant case law and legislative intent to prevent double taxation and promote export competitiveness. en-us Thu, 24 Jan 2013 00:00:00 +0530 Wed, 14 Oct 2015 11:31:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174664 The Tribunal ruled in favor of the appellant, a 100% EOU manufacturing absorbent cotton, allowing their appeal against the disallowance of Cenvat credit amounting to &8377;1,01,23,236/- along with penalty under Rule 15(3) of Cenvat Credit Rules, 2004. The dispute arose from the denial of credit by the department due to the appellant availing benefits under an Exemption Notification while clearing goods for export without separate accounts. The Tribunal emphasized the availability of Cenvat credit for exported final products, regardless of exemption status, citing relevant case law and legislative intent to prevent double taxation and promote export competitiveness. Case-Laws Central Excise Thu, 24 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174664