https://www.taxtmi.com/caselaws?id=184832 Cenvat credit on inputs and capital goods cleared as such under CT-2/CT-3 for onward export to a 100% EOU without payment of duty was held not to require reversal under Rule 3(4) of the Cenvat Credit Rules, 2002. The clearance was for export under bond and the goods were ultimately exported without duty, so the Board circulars and governing notification permitted such removal and the Rule 3(4) restriction did not apply. The notification conditions were treated as applicable to the consignee, not the consignor, and there was no material showing non-compliance by the assessee. Accordingly, the credit remained admissible and the demand for reversal was unsustainable. en-us Fri, 16 Nov 2007 00:00:00 +0530 Thu, 21 Jul 2016 18:38:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184832 Cenvat credit on inputs and capital goods cleared as such under CT-2/CT-3 for onward export to a 100% EOU without payment of duty was held not to require reversal under Rule 3(4) of the Cenvat Credit Rules, 2002. The clearance was for export under bond and the goods were ultimately exported without duty, so the Board circulars and governing notification permitted such removal and the Rule 3(4) restriction did not apply. The notification conditions were treated as applicable to the consignee, not the consignor, and there was no material showing non-compliance by the assessee. Accordingly, the credit remained admissible and the demand for reversal was unsustainable. Case-Laws Central Excise Fri, 16 Nov 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184832