https://www.taxtmi.com/caselaws?id=364942 Under SSI exemption Notification No. 8/2003-CE, the credit restriction in paragraph 2(iii) was construed as limited to inputs used in the manufacture of specified goods cleared for home consumption. On that reading, the restriction was not extended to input services or, on the facts stated, to inputs used for capital goods; credit relatable to inputs used in the specified goods was denied, while the demand on input service credit was set aside. Penalty was also held unwarranted because the dispute turned on interpretation of the exemption condition. The order was therefore modified to sustain duty with interest only to the limited extent stated, while deleting the input service credit demand and penalty. en-us Tue, 03 Jul 2018 00:00:00 +0530 Wed, 08 Aug 2018 08:03:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364942 Under SSI exemption Notification No. 8/2003-CE, the credit restriction in paragraph 2(iii) was construed as limited to inputs used in the manufacture of specified goods cleared for home consumption. On that reading, the restriction was not extended to input services or, on the facts stated, to inputs used for capital goods; credit relatable to inputs used in the specified goods was denied, while the demand on input service credit was set aside. Penalty was also held unwarranted because the dispute turned on interpretation of the exemption condition. The order was therefore modified to sustain duty with interest only to the limited extent stated, while deleting the input service credit demand and penalty. Case-Laws Central Excise Tue, 03 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364942