https://www.taxtmi.com/caselaws?id=353096 Electricity generated in a factory from bagasse and sold in surplus was treated as outside Rule 6 of the Cenvat Credit Rules, 2004 because such electricity is not excisable goods and does not fall within exempted goods for that purpose. The Tribunal followed its earlier view in the same assessee's case and noted that the appellant had already reversed the credit relatable to inputs and input services used for generating the electricity sold outside. On that basis, the proposed reversal of 10% of the value of the electricity sold was not payable, and the associated demand, interest, and penalty were held unsustainable. en-us Thu, 15 Jun 2017 00:00:00 +0530 Wed, 27 Dec 2017 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353096 Electricity generated in a factory from bagasse and sold in surplus was treated as outside Rule 6 of the Cenvat Credit Rules, 2004 because such electricity is not excisable goods and does not fall within exempted goods for that purpose. The Tribunal followed its earlier view in the same assessee's case and noted that the appellant had already reversed the credit relatable to inputs and input services used for generating the electricity sold outside. On that basis, the proposed reversal of 10% of the value of the electricity sold was not payable, and the associated demand, interest, and penalty were held unsustainable. Case-Laws Central Excise Thu, 15 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353096