https://www.taxtmi.com/caselaws?id=288289 Cenvat credit on capital goods used exclusively in job-work manufacture under Notification No. 214/86-CE could not be denied merely because the finished goods were treated as exempted for clearance purposes. The reasoning followed the earlier view that goods manufactured for the principal manufacturer under the job-work notification are not exempted goods for Rule 6(2) of the CENVAT Credit Rules, 2002, so denial of credit on the capital goods lacked basis. Credit was held admissible, and the penalties were set aside. en-us Thu, 06 Jun 2019 00:00:00 +0530 Sat, 30 May 2020 11:11:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288289 Cenvat credit on capital goods used exclusively in job-work manufacture under Notification No. 214/86-CE could not be denied merely because the finished goods were treated as exempted for clearance purposes. The reasoning followed the earlier view that goods manufactured for the principal manufacturer under the job-work notification are not exempted goods for Rule 6(2) of the CENVAT Credit Rules, 2002, so denial of credit on the capital goods lacked basis. Credit was held admissible, and the penalties were set aside. Case-Laws Central Excise Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288289