https://www.taxtmi.com/caselaws?id=343996 CENVAT credit remained admissible after omission of Rule 12B where the assessee continued clearing processed goods on payment of excise duty. The governing principle was that credit is not denied merely because the special procedure under Rule 12B ceased to apply, provided the goods are duty-paid and the statutory conditions for availing credit under the Central Excise framework are satisfied. Rule 16 also supported admissibility on the facts because duty-paid goods were cleared on payment of duty equivalent to the credit taken, and that condition was fulfilled. The credit was therefore treated as valid. en-us Tue, 30 May 2017 00:00:00 +0530 Sat, 15 Jul 2017 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343996 CENVAT credit remained admissible after omission of Rule 12B where the assessee continued clearing processed goods on payment of excise duty. The governing principle was that credit is not denied merely because the special procedure under Rule 12B ceased to apply, provided the goods are duty-paid and the statutory conditions for availing credit under the Central Excise framework are satisfied. Rule 16 also supported admissibility on the facts because duty-paid goods were cleared on payment of duty equivalent to the credit taken, and that condition was fulfilled. The credit was therefore treated as valid. Case-Laws Central Excise Tue, 30 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343996