https://www.taxtmi.com/caselaws?id=389347 For Rule 6 of the Cenvat Credit Rules, tractors were treated as exempted goods even though basic excise duty was not payable, because the exempted-goods definition was read in the context of the full excise-linked levy structure, including cesses; the Assessee succeeded on this issue. The amount payable under Rule 6(3)(b) was held to be a statutory tax component, deductible from the cum-duty sale price for valuation; the Assessee again succeeded. Explanation III to Rule 6(3)(b), inserted from 16 May 2005, was held clarificatory and retrospective because it merely made explicit that credit is unavailable on inputs or input services used exclusively for exempted goods; the Revenue succeeded on this issue. en-us Wed, 04 Dec 2019 00:00:00 +0530 Wed, 04 Nov 2020 16:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=389347 For Rule 6 of the Cenvat Credit Rules, tractors were treated as exempted goods even though basic excise duty was not payable, because the exempted-goods definition was read in the context of the full excise-linked levy structure, including cesses; the Assessee succeeded on this issue. The amount payable under Rule 6(3)(b) was held to be a statutory tax component, deductible from the cum-duty sale price for valuation; the Assessee again succeeded. Explanation III to Rule 6(3)(b), inserted from 16 May 2005, was held clarificatory and retrospective because it merely made explicit that credit is unavailable on inputs or input services used exclusively for exempted goods; the Revenue succeeded on this issue. Case-Laws Central Excise Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=389347