https://www.taxtmi.com/caselaws?id=270271 Cenvat credit on input services used to manufacture rectified spirit or absolute alcohol is admissible where that intermediate product is further used in the manufacture of denatured spirit cleared on payment of duty. The settled principle applied is that credit is not denied merely because an intermediate product is exempt or non-dutiable, so long as the final product emerging from the same production stream is dutiable. The analysis reflects the anti-cascading object of Cenvat credit and the distinction between exempt intermediate goods and exempt final goods, with credit therefore available to the manufacturer. en-us Thu, 29 Oct 2015 00:00:00 +0530 Sat, 02 Jan 2016 10:10:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=270271 Cenvat credit on input services used to manufacture rectified spirit or absolute alcohol is admissible where that intermediate product is further used in the manufacture of denatured spirit cleared on payment of duty. The settled principle applied is that credit is not denied merely because an intermediate product is exempt or non-dutiable, so long as the final product emerging from the same production stream is dutiable. The analysis reflects the anti-cascading object of Cenvat credit and the distinction between exempt intermediate goods and exempt final goods, with credit therefore available to the manufacturer. Case-Laws Central Excise Thu, 29 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=270271