https://www.taxtmi.com/caselaws?id=341816 Rule 6(2) of the Cenvat Credit Rules, read with Rule 57CC of the Central Excise Rules, did not require reversal of credit or payment of 8%/10% where furnace oil was used as fuel in manufacturing carbon black and generating steam. The credit restriction provisions were held inapplicable to fuel used as an input, and steam was not treated as the assessee's final product. Only surplus steam was cleared to adjoining units, so the demand to reverse credit or pay the prescribed percentage was unsustainable. en-us Tue, 14 Feb 2017 00:00:00 +0530 Tue, 18 Apr 2017 10:10:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341816 Rule 6(2) of the Cenvat Credit Rules, read with Rule 57CC of the Central Excise Rules, did not require reversal of credit or payment of 8%/10% where furnace oil was used as fuel in manufacturing carbon black and generating steam. The credit restriction provisions were held inapplicable to fuel used as an input, and steam was not treated as the assessee's final product. Only surplus steam was cleared to adjoining units, so the demand to reverse credit or pay the prescribed percentage was unsustainable. Case-Laws Central Excise Tue, 14 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341816