https://www.taxtmi.com/circulars?id=65723 The Board rescinds Circular No. 1027/15/2016 CX (25.04.2016) that required reversal of input and input service credit for factory cleared residues, noting the Apex Court's view that bagasse and similar residues are non-excisable and hence the CENVAT Credit Rules do not apply; pending cases should be adjudicated in light of that law and implementation difficulties may be reported to the Board. en-us Thu, 07 Jul 2022 00:00:00 +0530 Fri, 08 Jul 2022 11:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65723 The Board rescinds Circular No. 1027/15/2016 CX (25.04.2016) that required reversal of input and input service credit for factory cleared residues, noting the Apex Court's view that bagasse and similar residues are non-excisable and hence the CENVAT Credit Rules do not apply; pending cases should be adjudicated in light of that law and implementation difficulties may be reported to the Board. Circulars Central Excise Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65723