https://www.taxtmi.com/caselaws?id=371719 The Tribunal affirmed that exempted goods can be exported under Bond/LUT, applying Rule 6(6)(v) of Cenvat Credit Rules, 2004. It clarified that CBEC Circular No.754/70/2003-CX does not apply when separate accounts are maintained for exempted and dutiable goods. Refunds under Rule 5 of Cenvat Credit Rules, 2004 were deemed admissible for Cenvat credit on inputs used in manufacturing exempted goods for export. The Tribunal criticized the lower authority for disregarding established precedents, emphasizing the importance of judicial discipline. The decision of the Commissioner (A) was upheld, granting interest on the refund amounts and dismissing Revenue's appeals. en-us Fri, 07 Sep 2018 00:00:00 +0530 Mon, 10 Dec 2018 09:37:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371719 The Tribunal affirmed that exempted goods can be exported under Bond/LUT, applying Rule 6(6)(v) of Cenvat Credit Rules, 2004. It clarified that CBEC Circular No.754/70/2003-CX does not apply when separate accounts are maintained for exempted and dutiable goods. Refunds under Rule 5 of Cenvat Credit Rules, 2004 were deemed admissible for Cenvat credit on inputs used in manufacturing exempted goods for export. The Tribunal criticized the lower authority for disregarding established precedents, emphasizing the importance of judicial discipline. The decision of the Commissioner (A) was upheld, granting interest on the refund amounts and dismissing Revenue's appeals. Case-Laws Central Excise Fri, 07 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371719