https://www.taxtmi.com/caselaws?id=356694 Cenvat credit on inputs used by a job worker was held not reversible under the exempted goods provision where the goods moved under the prescribed job-work challan procedure and the finished goods were returned to the principal manufacturer. The Tribunal applied the settled principle, following Sterlite Industries and later approval of that approach, that the special job-work procedure prevents mechanical invocation of the reversal rule when duty is ultimately discharged at the principal manufacturer's end. On that basis, the credit on inputs used in the job-work activity was not hit by the exemption-based reversal requirement, and the demand and penalty were unsustainable. en-us Wed, 31 Jan 2018 00:00:00 +0530 Sat, 10 Mar 2018 06:55:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356694 Cenvat credit on inputs used by a job worker was held not reversible under the exempted goods provision where the goods moved under the prescribed job-work challan procedure and the finished goods were returned to the principal manufacturer. The Tribunal applied the settled principle, following Sterlite Industries and later approval of that approach, that the special job-work procedure prevents mechanical invocation of the reversal rule when duty is ultimately discharged at the principal manufacturer's end. On that basis, the credit on inputs used in the job-work activity was not hit by the exemption-based reversal requirement, and the demand and penalty were unsustainable. Case-Laws Central Excise Wed, 31 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356694