https://www.taxtmi.com/caselaws?id=327762 A job-worker manufacturing intermediate goods under Notification No. 214/86-CE was entitled to Cenvat credit on inputs directly purchased and used in manufacture, because the Larger Bench ruling in Sterlite Industries allowed such credit even where duty was discharged by the principal manufacturer. Goods cleared under that notification were not treated as an exempted final product, so denial of credit was unsustainable. The order also reaffirmed that lower authorities must follow binding precedents on identical questions of law under the principle of judicial discipline. en-us Fri, 06 May 2016 00:00:00 +0530 Wed, 18 May 2016 22:30:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=327762 A job-worker manufacturing intermediate goods under Notification No. 214/86-CE was entitled to Cenvat credit on inputs directly purchased and used in manufacture, because the Larger Bench ruling in Sterlite Industries allowed such credit even where duty was discharged by the principal manufacturer. Goods cleared under that notification were not treated as an exempted final product, so denial of credit was unsustainable. The order also reaffirmed that lower authorities must follow binding precedents on identical questions of law under the principle of judicial discipline. Case-Laws Central Excise Fri, 06 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=327762