https://www.taxtmi.com/caselaws?id=282828 The High Court allowed the Revenue's appeal, ruling in favor of the Revenue and overturning the Tribunal's decision on availing modvat for furnace oil used in manufacturing goods on job work basis without duty payment. The Court held that allowing modvat in such circumstances is not lawful, citing a Supreme Court decision and emphasizing that CENVAT credit for duty paid on inputs used in exempted final products is not permissible. The respondent did not appear, and the Court found the issue already settled by the Supreme Court, leading to the decision in favor of the Revenue. en-us Thu, 08 Nov 2012 00:00:00 +0530 Tue, 27 Aug 2019 14:29:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282828 The High Court allowed the Revenue's appeal, ruling in favor of the Revenue and overturning the Tribunal's decision on availing modvat for furnace oil used in manufacturing goods on job work basis without duty payment. The Court held that allowing modvat in such circumstances is not lawful, citing a Supreme Court decision and emphasizing that CENVAT credit for duty paid on inputs used in exempted final products is not permissible. The respondent did not appear, and the Court found the issue already settled by the Supreme Court, leading to the decision in favor of the Revenue. Case-Laws Central Excise Thu, 08 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282828