https://www.taxtmi.com/caselaws?id=183378 Cenvat credit remained admissible on inputs used in tractors exported under bond/LUT, even though the tractors were otherwise exempt for domestic clearances. The controlling principle was that Cenvat credit neutralises duty on inputs and exports should not bear domestic taxes. Rule 6(6)(v) operated as a specific exception for exported goods, so the restriction in Rule 6(1) did not apply to exports under bond/LUT. Denial of credit in such cases would defeat the export-relief scheme and undermine the objective of keeping exported goods internationally competitive. en-us Thu, 17 Dec 2009 00:00:00 +0530 Tue, 07 Jun 2016 16:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183378 Cenvat credit remained admissible on inputs used in tractors exported under bond/LUT, even though the tractors were otherwise exempt for domestic clearances. The controlling principle was that Cenvat credit neutralises duty on inputs and exports should not bear domestic taxes. Rule 6(6)(v) operated as a specific exception for exported goods, so the restriction in Rule 6(1) did not apply to exports under bond/LUT. Denial of credit in such cases would defeat the export-relief scheme and undermine the objective of keeping exported goods internationally competitive. Case-Laws Central Excise Thu, 17 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183378