https://www.taxtmi.com/caselaws?id=350209 Cenvat credit on inputs, input services and capital goods used in a captive power plant was upheld where electricity generated was sent to the grid under a wheeling arrangement and later returned for use in manufacture. The arrangement was treated as a transfer rather than a sale because the same quantum of electricity was received back and consumed in producing excisable goods. On that basis, outward clearance of electricity did not justify denial of credit. The impugned order allowing credit was sustained and the Revenue's challenge was rejected. en-us Fri, 13 Oct 2017 00:00:00 +0530 Thu, 02 Nov 2017 07:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350209 Cenvat credit on inputs, input services and capital goods used in a captive power plant was upheld where electricity generated was sent to the grid under a wheeling arrangement and later returned for use in manufacture. The arrangement was treated as a transfer rather than a sale because the same quantum of electricity was received back and consumed in producing excisable goods. On that basis, outward clearance of electricity did not justify denial of credit. The impugned order allowing credit was sustained and the Revenue's challenge was rejected. Case-Laws Central Excise Fri, 13 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350209