https://www.taxtmi.com/caselaws?id=283679 CENVAT credit was treated as available only where duty-paid inputs are used in the manufacture of the relevant final product, and it could not be diverted to an unrelated excisable product. Notification No. 45/89 was read as prohibiting refund of excess credit and its adjustment or utilisation against duty on other goods. The principle of indefeasible credit was distinguished because it applies where there is a direct nexus between raw material, intermediate product and final product. On that basis, accumulated credit could not be set off against excise duty on an unconnected final product. en-us Wed, 20 Jun 2018 00:00:00 +0530 Sun, 06 Oct 2019 11:16:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=283679 CENVAT credit was treated as available only where duty-paid inputs are used in the manufacture of the relevant final product, and it could not be diverted to an unrelated excisable product. Notification No. 45/89 was read as prohibiting refund of excess credit and its adjustment or utilisation against duty on other goods. The principle of indefeasible credit was distinguished because it applies where there is a direct nexus between raw material, intermediate product and final product. On that basis, accumulated credit could not be set off against excise duty on an unconnected final product. Case-Laws Central Excise Wed, 20 Jun 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=283679