https://www.taxtmi.com/circulars?id=54470 Following judicial determinations that bagasse and metal dross/skimmings are non excisable, the Board has rescinded its earlier circulars and instructions on excisability. Under amended Rule 6 of the CENVAT Credit Rules, 2004, non excisable goods cleared for consideration are to be treated as exempted goods and valued by invoice or by valuation principles where invoice value is unavailable; such by products (bagasse, dross, skimmings) must be treated like exempted goods for reversal of input and input service credit. en-us Mon, 25 Apr 2016 00:00:00 +0530 Tue, 26 Apr 2016 09:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54470 Following judicial determinations that bagasse and metal dross/skimmings are non excisable, the Board has rescinded its earlier circulars and instructions on excisability. Under amended Rule 6 of the CENVAT Credit Rules, 2004, non excisable goods cleared for consideration are to be treated as exempted goods and valued by invoice or by valuation principles where invoice value is unavailable; such by products (bagasse, dross, skimmings) must be treated like exempted goods for reversal of input and input service credit. Circulars Central Excise Mon, 25 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54470