https://www.taxtmi.com/caselaws?id=270045 Retrospective amendment regularised the position of wire drawing units for the relevant period, and the Board's circular clarified that credit taken at the input stage on wire rods, downstream credit on drawn wire, and duty paid on clearance of drawn wire were all intended to be protected. On that basis, reversal of CENVAT credit for inputs used in wire drawing units was not sustainable merely because drawing wire from wire rods was treated as not amounting to manufacture, and the demand was set aside in favour of the assessee. The Tribunal also followed its earlier view on the same issue. en-us Mon, 02 Nov 2015 00:00:00 +0530 Thu, 20 Oct 2016 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270045 Retrospective amendment regularised the position of wire drawing units for the relevant period, and the Board's circular clarified that credit taken at the input stage on wire rods, downstream credit on drawn wire, and duty paid on clearance of drawn wire were all intended to be protected. On that basis, reversal of CENVAT credit for inputs used in wire drawing units was not sustainable merely because drawing wire from wire rods was treated as not amounting to manufacture, and the demand was set aside in favour of the assessee. The Tribunal also followed its earlier view on the same issue. Case-Laws Central Excise Mon, 02 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270045