https://www.taxtmi.com/caselaws?id=362311 CENVAT credit was held inadmissible on Naphtha and Furnace Oil used to generate electricity wheeled outside the factory, as the Tribunal followed its earlier view and declined to extend the by-product or technological necessity reasoning to exported electricity. On penalty, the Tribunal held that conflicting views on the credit issue made penalty unjustified, so the penalty was deleted. The assessee therefore obtained only partial relief, with denial of credit maintained but penal consequences removed. en-us Thu, 10 May 2018 00:00:00 +0530 Mon, 10 Jun 2019 13:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362311 CENVAT credit was held inadmissible on Naphtha and Furnace Oil used to generate electricity wheeled outside the factory, as the Tribunal followed its earlier view and declined to extend the by-product or technological necessity reasoning to exported electricity. On penalty, the Tribunal held that conflicting views on the credit issue made penalty unjustified, so the penalty was deleted. The assessee therefore obtained only partial relief, with denial of credit maintained but penal consequences removed. Case-Laws Central Excise Thu, 10 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362311