https://www.taxtmi.com/caselaws?id=181452 Cenvat credit did not require proportionate reversal for sludge settled in furnace oil tanks during storage, because the sludge was treated as waste removed from the tank and not as an input removed as such. Rule 3(3) of the Cenvat Credit Rules, 2002 was therefore inapplicable on these facts. The analysis also noted that credit had been taken on furnace oil and mineral oil received with the sludge content, and duty had been paid on the sludge component, reinforcing that the removal was of waste and not of an excisable input. The Revenue's challenge failed. en-us Fri, 06 Sep 2013 00:00:00 +0530 Mon, 18 Apr 2016 10:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181452 Cenvat credit did not require proportionate reversal for sludge settled in furnace oil tanks during storage, because the sludge was treated as waste removed from the tank and not as an input removed as such. Rule 3(3) of the Cenvat Credit Rules, 2002 was therefore inapplicable on these facts. The analysis also noted that credit had been taken on furnace oil and mineral oil received with the sludge content, and duty had been paid on the sludge component, reinforcing that the removal was of waste and not of an excisable input. The Revenue's challenge failed. Case-Laws Central Excise Fri, 06 Sep 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181452