https://www.taxtmi.com/caselaws?id=1278 Automobile cess and education cess on tractors were treated as duties of excise because the relevant statutes expressly characterised them as such; tractors therefore qualified as exempted goods for Cenvat purposes since the basic duty of excise was exempt. Credit on inputs used exclusively in exempted final products was allowed for the period before 16-5-2005, as Explanation III inserted by Notification No. 27/2005-C.E. (N.T.) operated prospectively and did not unsettle the earlier position. The amount payable under Rule 6(3)(b) was held to be an adjustment for inadmissible credit, not a tax component recoverable from buyers, so deduction from the sale price was disallowed. en-us Mon, 12 Feb 2007 00:00:00 +0530 Mon, 14 Apr 2008 15:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1278 Automobile cess and education cess on tractors were treated as duties of excise because the relevant statutes expressly characterised them as such; tractors therefore qualified as exempted goods for Cenvat purposes since the basic duty of excise was exempt. Credit on inputs used exclusively in exempted final products was allowed for the period before 16-5-2005, as Explanation III inserted by Notification No. 27/2005-C.E. (N.T.) operated prospectively and did not unsettle the earlier position. The amount payable under Rule 6(3)(b) was held to be an adjustment for inadmissible credit, not a tax component recoverable from buyers, so deduction from the sale price was disallowed. Case-Laws Central Excise Mon, 12 Feb 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1278