https://www.taxtmi.com/caselaws?id=184036 The appeal was dismissed by the Hon'ble Bombay High Court, upholding the entitlement of manufacturers to claim credit for duty paid on inputs used in manufacturing goods for export, even if the final products attracted a Nil rate of duty. The Court clarified that a bond or Letter of Undertaking is required to safeguard against liabilities in case of non-export, as per Rule 5 of Cenvat Credit Rules. The decision aligned with precedents like Punjab Stainless Steel Industries vs. CCE and CCE vs. Global Pharmatech Pvt. Ltd., affirming exporters' right to claim such credits. en-us Fri, 03 Oct 2008 00:00:00 +0530 Mon, 20 Nov 2017 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184036 The appeal was dismissed by the Hon'ble Bombay High Court, upholding the entitlement of manufacturers to claim credit for duty paid on inputs used in manufacturing goods for export, even if the final products attracted a Nil rate of duty. The Court clarified that a bond or Letter of Undertaking is required to safeguard against liabilities in case of non-export, as per Rule 5 of Cenvat Credit Rules. The decision aligned with precedents like Punjab Stainless Steel Industries vs. CCE and CCE vs. Global Pharmatech Pvt. Ltd., affirming exporters' right to claim such credits. Case-Laws Central Excise Fri, 03 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184036