https://www.taxtmi.com/caselaws?id=30280 After omission of the deemed manufacturer provision under Rule 12B of the Central Excise Rules, 2002, the assessee was no longer entitled to take CENVAT credit on inputs received thereafter. However, because duty paid on the final products was not less than the credit availed, the dispute was revenue neutral and caused no revenue loss. In such circumstances, recovery of the duty demand would serve no useful purpose, so the credit demand and consequential penalty were held not sustainable. en-us Tue, 09 Oct 2007 00:00:00 +0530 Thu, 21 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30280 After omission of the deemed manufacturer provision under Rule 12B of the Central Excise Rules, 2002, the assessee was no longer entitled to take CENVAT credit on inputs received thereafter. However, because duty paid on the final products was not less than the credit availed, the dispute was revenue neutral and caused no revenue loss. In such circumstances, recovery of the duty demand would serve no useful purpose, so the credit demand and consequential penalty were held not sustainable. Case-Laws Central Excise Tue, 09 Oct 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30280