https://www.taxtmi.com/caselaws?id=347937 Goods cleared against debit in SFIS scrip under Notification No. 34/2006-CE were not treated as exempted goods, because the duty otherwise payable was discharged through utilisation of the duty credit scrip. The Foreign Trade Policy permitted such debit as a mode of paying excise duty, and the Gujarat High Court's view on the same scheme recognised it as discharge of duty liability rather than exemption. On that basis, Rule 6 of the Cenvat Credit Rules, 2004 did not apply, and the demand under Rule 14 could not survive. en-us Fri, 01 Sep 2017 00:00:00 +0530 Tue, 01 May 2018 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=347937 Goods cleared against debit in SFIS scrip under Notification No. 34/2006-CE were not treated as exempted goods, because the duty otherwise payable was discharged through utilisation of the duty credit scrip. The Foreign Trade Policy permitted such debit as a mode of paying excise duty, and the Gujarat High Court's view on the same scheme recognised it as discharge of duty liability rather than exemption. On that basis, Rule 6 of the Cenvat Credit Rules, 2004 did not apply, and the demand under Rule 14 could not survive. Case-Laws Central Excise Fri, 01 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=347937