https://www.taxtmi.com/caselaws?id=272196 Exemption under Notification No. 30/2004-Central Excise was held available where Cenvat credit had been taken on inputs used to make intermediate goods, but duty had been paid on those intermediate goods before they were used in the final product. The proviso barring exemption where credit is taken on inputs or capital goods was read in light of the governing precedent, which recognised that payment of duty at the intermediate stage preserved the exemption for the final product. Applying that ratio, the Tribunal found the exemption admissible and held that the confirmed demand, interest and penalty could not stand. en-us Mon, 22 Feb 2016 00:00:00 +0530 Tue, 15 Nov 2016 13:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272196 Exemption under Notification No. 30/2004-Central Excise was held available where Cenvat credit had been taken on inputs used to make intermediate goods, but duty had been paid on those intermediate goods before they were used in the final product. The proviso barring exemption where credit is taken on inputs or capital goods was read in light of the governing precedent, which recognised that payment of duty at the intermediate stage preserved the exemption for the final product. Applying that ratio, the Tribunal found the exemption admissible and held that the confirmed demand, interest and penalty could not stand. Case-Laws Central Excise Mon, 22 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272196