https://www.taxtmi.com/caselaws?id=354429 The Tribunal upheld the recovery of CENVAT credit availed by the Assessee on inputs/packing materials for fully exempted Peanut Butter, dismissing their Appeal. It was determined that no CENVAT credit is admissible for duty paid inputs used in manufacturing exempted goods. The Tribunal emphasized the ineligibility for such credit, even when goods are exported under rebate. Additionally, discrepancies in the reversed amount were noted, leading to a remand for verification. Interest and penalty were set aside due to the maintenance of credit for claiming rebate on exported finished goods. en-us Fri, 19 Jan 2018 00:00:00 +0530 Tue, 27 Feb 2018 15:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354429 The Tribunal upheld the recovery of CENVAT credit availed by the Assessee on inputs/packing materials for fully exempted Peanut Butter, dismissing their Appeal. It was determined that no CENVAT credit is admissible for duty paid inputs used in manufacturing exempted goods. The Tribunal emphasized the ineligibility for such credit, even when goods are exported under rebate. Additionally, discrepancies in the reversed amount were noted, leading to a remand for verification. Interest and penalty were set aside due to the maintenance of credit for claiming rebate on exported finished goods. Case-Laws Central Excise Fri, 19 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354429