https://www.taxtmi.com/caselaws?id=400256 Clearance of excisable goods under the SFIS scheme against duty credit scrips is treated as a recognised mode of duty payment, not as exempted removal. On that basis, such clearances do not attract Rule 6(3) of the Cenvat Credit Rules, 2004. The Tribunal also rejected reliance on the CBEC circular, noting that omission of a notification from the circular could not by itself justify treating the goods as exempted. As a result, the demand, interest and penalty were unsustainable. en-us Wed, 28 Oct 2020 00:00:00 +0530 Fri, 28 May 2021 10:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400256 Clearance of excisable goods under the SFIS scheme against duty credit scrips is treated as a recognised mode of duty payment, not as exempted removal. On that basis, such clearances do not attract Rule 6(3) of the Cenvat Credit Rules, 2004. The Tribunal also rejected reliance on the CBEC circular, noting that omission of a notification from the circular could not by itself justify treating the goods as exempted. As a result, the demand, interest and penalty were unsustainable. Case-Laws Central Excise Wed, 28 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400256