https://www.taxtmi.com/caselaws?id=345405 Cenvat credit on furnace oil used to generate steam was held inadmissible where the steam was not wholly consumed within the factory, following the binding jurisdictional High Court ruling that credit cannot be taken on the entire fuel quantity in such circumstances. The Tribunal rejected the alternative claim based on supply to a 100% export-oriented unit on the facts, and treated the earlier contrary Tribunal view as displaced by the High Court decision. The demand was therefore sustained, while the penalty relief granted by the Commissioner (Appeals) was left undisturbed. en-us Thu, 15 Jun 2017 00:00:00 +0530 Sat, 26 Aug 2017 13:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=345405 Cenvat credit on furnace oil used to generate steam was held inadmissible where the steam was not wholly consumed within the factory, following the binding jurisdictional High Court ruling that credit cannot be taken on the entire fuel quantity in such circumstances. The Tribunal rejected the alternative claim based on supply to a 100% export-oriented unit on the facts, and treated the earlier contrary Tribunal view as displaced by the High Court decision. The demand was therefore sustained, while the penalty relief granted by the Commissioner (Appeals) was left undisturbed. Case-Laws Central Excise Thu, 15 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=345405