https://www.taxtmi.com/caselaws?id=189355 Iron ore fines arising as process waste during manufacture of sponge iron, and cleared on payment of duty, were held not to be exempted goods for Rule 6 reversal under the Cenvat Credit Rules. The Tribunal treated the controversy as already settled in favour of assessees and distinguished the Revenue's relied-upon precedent on its facts. As process waste cannot be equated with exempted final goods merely because common input services were used for dutiable and non-dutiable outputs, the demand and consequential penalty under Rule 15 were unsustainable. en-us Mon, 27 Jun 2016 00:00:00 +0530 Fri, 06 Jan 2017 14:22:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189355 Iron ore fines arising as process waste during manufacture of sponge iron, and cleared on payment of duty, were held not to be exempted goods for Rule 6 reversal under the Cenvat Credit Rules. The Tribunal treated the controversy as already settled in favour of assessees and distinguished the Revenue's relied-upon precedent on its facts. As process waste cannot be equated with exempted final goods merely because common input services were used for dutiable and non-dutiable outputs, the demand and consequential penalty under Rule 15 were unsustainable. Case-Laws Central Excise Mon, 27 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189355