https://www.taxtmi.com/caselaws?id=342248 CENVAT credit on capital goods used exclusively for job work was held admissible because semi-finished goods cleared under the job-work procedure are not treated as exempted final products for the purpose of denying credit. The Tribunal applied settled precedent that incidental generation of waste and scrap during manufacture does not alter the character of the job-work clearance or justify reversal of credit. On that basis, the related duty demand and consequential penalty were not sustainable, and the Revenue's challenge failed. en-us Fri, 21 Apr 2017 00:00:00 +0530 Thu, 01 Jun 2017 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342248 CENVAT credit on capital goods used exclusively for job work was held admissible because semi-finished goods cleared under the job-work procedure are not treated as exempted final products for the purpose of denying credit. The Tribunal applied settled precedent that incidental generation of waste and scrap during manufacture does not alter the character of the job-work clearance or justify reversal of credit. On that basis, the related duty demand and consequential penalty were not sustainable, and the Revenue's challenge failed. Case-Laws Central Excise Fri, 21 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342248