https://www.taxtmi.com/caselaws?id=420758 Cenvat credit on capital goods used by a job worker in intermediate processing under the prescribed job-work procedure was held admissible where the processed goods were cleared without duty to the principal manufacturer and duty was ultimately discharged on the final product in the manufacturing chain. The settled principle applied was that such clearance does not treat the intermediate output as an exempted final product for denying credit, and the scheme seeks to prevent duty cascading. On that basis, the demand, interest, and penalty were unsustainable, and the impugned order was set aside. en-us Fri, 08 Apr 2022 00:00:00 +0530 Sat, 09 Apr 2022 07:54:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420758 Cenvat credit on capital goods used by a job worker in intermediate processing under the prescribed job-work procedure was held admissible where the processed goods were cleared without duty to the principal manufacturer and duty was ultimately discharged on the final product in the manufacturing chain. The settled principle applied was that such clearance does not treat the intermediate output as an exempted final product for denying credit, and the scheme seeks to prevent duty cascading. On that basis, the demand, interest, and penalty were unsustainable, and the impugned order was set aside. Case-Laws Central Excise Fri, 08 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420758