https://www.taxtmi.com/caselaws?id=334895 Cenvat credit on capital goods exported as such need not be reversed where the goods were not consumed in the factory and were cleared for export, because export removals do not attract domestic duty incidence in the manner contemplated by Rule 3(5) of the Cenvat Credit Rules, 2004. A drawback claim under Section 74 of the Customs Act, 1962 did not disentitle the assessee from retaining the credit where the drawback had already been reduced to the extent of the credit availed. The exported capital goods therefore remained eligible for credit retention. en-us Wed, 09 Mar 2016 00:00:00 +0530 Wed, 23 Nov 2016 13:35:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=334895 Cenvat credit on capital goods exported as such need not be reversed where the goods were not consumed in the factory and were cleared for export, because export removals do not attract domestic duty incidence in the manner contemplated by Rule 3(5) of the Cenvat Credit Rules, 2004. A drawback claim under Section 74 of the Customs Act, 1962 did not disentitle the assessee from retaining the credit where the drawback had already been reduced to the extent of the credit availed. The exported capital goods therefore remained eligible for credit retention. Case-Laws Central Excise Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=334895