https://www.taxtmi.com/caselaws?id=328800 CENVAT credit was held inadmissible on POY used in polyester texturised yarn cleared under a concessional duty notification that was conditional on no credit being taken on the POY. The restriction also applied to POY embedded in waste, work-in-progress, and goods manufactured from such conditional clearances, because the credit bar attached to the exemption could not be bypassed through subsequent processing or clearance. Rule 9A of the CENVAT Credit Rules, 2002 did not override the condition in the notification. The demand, interest and penalty were therefore sustained. en-us Tue, 10 May 2016 00:00:00 +0530 Thu, 16 Feb 2017 14:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328800 CENVAT credit was held inadmissible on POY used in polyester texturised yarn cleared under a concessional duty notification that was conditional on no credit being taken on the POY. The restriction also applied to POY embedded in waste, work-in-progress, and goods manufactured from such conditional clearances, because the credit bar attached to the exemption could not be bypassed through subsequent processing or clearance. Rule 9A of the CENVAT Credit Rules, 2002 did not override the condition in the notification. The demand, interest and penalty were therefore sustained. Case-Laws Central Excise Tue, 10 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328800