https://www.taxtmi.com/caselaws?id=420850 The Tribunal upheld the direction for substantial refund to the assessee in a case concerning a refund claim under Rule 5 of CENVAT Credit Rules, 2004 for input services used in manufacturing iron ore fines. Despite Revenue's appeal, citing ineligibility due to lack of registration and exemption of the final product from duty, the Tribunal ruled in favor of the assessee based on precedents allowing credit for producing exempted goods chargeable at a 'nil' duty rate. The appeal was dismissed, affirming the refund order pronounced on 30/03/2022. en-us Wed, 30 Mar 2022 00:00:00 +0530 Tue, 12 Apr 2022 09:16:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=420850 The Tribunal upheld the direction for substantial refund to the assessee in a case concerning a refund claim under Rule 5 of CENVAT Credit Rules, 2004 for input services used in manufacturing iron ore fines. Despite Revenue's appeal, citing ineligibility due to lack of registration and exemption of the final product from duty, the Tribunal ruled in favor of the assessee based on precedents allowing credit for producing exempted goods chargeable at a 'nil' duty rate. The appeal was dismissed, affirming the refund order pronounced on 30/03/2022. Case-Laws Service Tax Wed, 30 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=420850