https://www.taxtmi.com/caselaws?id=266700 CENVAT credit taken on inputs need not be reversed merely because slitting and cutting was held not to amount to manufacture, where the credit had admittedly been utilised to pay duty on the final product. The governing principle applied was that actual use of the credit for discharge of excise duty on output defeats a demand for reversal based only on the non-manufacture finding. On that basis, the demand and penalty were not sustainable, and the assessee succeeded. en-us Thu, 06 Aug 2015 00:00:00 +0530 Thu, 22 Oct 2015 21:55:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266700 CENVAT credit taken on inputs need not be reversed merely because slitting and cutting was held not to amount to manufacture, where the credit had admittedly been utilised to pay duty on the final product. The governing principle applied was that actual use of the credit for discharge of excise duty on output defeats a demand for reversal based only on the non-manufacture finding. On that basis, the demand and penalty were not sustainable, and the assessee succeeded. Case-Laws Central Excise Thu, 06 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266700