https://www.taxtmi.com/caselaws?id=339462 Cenvat credit on duty-paid wire rods brought into the factory remained admissible where the goods were processed by drawing into wire, even though the activity was alleged not to amount to manufacture. Rule 16 of the Central Excise Rules permitted credit on goods received for re-making, refining, re-conditioning or other processing, with subsequent duty-equivalent clearance contemplated by the rule. For the earlier period, the goods were cleared after processing for export under bond, and there was no domestic clearance without duty. On that basis, the credit was legally sustained and the Revenue's challenge failed. en-us Thu, 02 Feb 2017 00:00:00 +0530 Fri, 25 Aug 2017 10:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339462 Cenvat credit on duty-paid wire rods brought into the factory remained admissible where the goods were processed by drawing into wire, even though the activity was alleged not to amount to manufacture. Rule 16 of the Central Excise Rules permitted credit on goods received for re-making, refining, re-conditioning or other processing, with subsequent duty-equivalent clearance contemplated by the rule. For the earlier period, the goods were cleared after processing for export under bond, and there was no domestic clearance without duty. On that basis, the credit was legally sustained and the Revenue's challenge failed. Case-Laws Central Excise Thu, 02 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339462