https://www.taxtmi.com/caselaws?id=382503 Cenvat credit under the Target Plus/DEPB scheme was held inadmissible where the duty amount was only debited in the pass book, because such debit did not amount to actual duty payment in the manner required by the exemption structure. The Tribunal followed the settled Larger Bench view and subsequent High Court decisions that credit is available only when duty has been actually paid as required by the scheme. The lower appellate authority's allowance of credit on that basis was therefore erroneous, and the assessee's claim failed. en-us Tue, 04 Jun 2019 00:00:00 +0530 Fri, 05 Jul 2019 06:08:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382503 Cenvat credit under the Target Plus/DEPB scheme was held inadmissible where the duty amount was only debited in the pass book, because such debit did not amount to actual duty payment in the manner required by the exemption structure. The Tribunal followed the settled Larger Bench view and subsequent High Court decisions that credit is available only when duty has been actually paid as required by the scheme. The lower appellate authority's allowance of credit on that basis was therefore erroneous, and the assessee's claim failed. Case-Laws Central Excise Tue, 04 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382503