https://www.taxtmi.com/caselaws?id=30362 Cenvat credit is not admissible on hose assemblies procured solely for export under bond where the goods are not used in the manufacture of any final product. Incidental testing, inspection and packing before export do not, on these facts, convert the purchased goods into eligible inputs for the credit scheme. A claim based on parity with rebate available to merchant exporters cannot override the specific statutory framework, and a cited earlier decision on different facts was held inapplicable. The result is that credit with interest remains recoverable, and the reduced penalty was upheld. en-us Fri, 02 May 2008 00:00:00 +0530 Sat, 23 Aug 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=30362 Cenvat credit is not admissible on hose assemblies procured solely for export under bond where the goods are not used in the manufacture of any final product. Incidental testing, inspection and packing before export do not, on these facts, convert the purchased goods into eligible inputs for the credit scheme. A claim based on parity with rebate available to merchant exporters cannot override the specific statutory framework, and a cited earlier decision on different facts was held inapplicable. The result is that credit with interest remains recoverable, and the reduced penalty was upheld. Case-Laws Central Excise Fri, 02 May 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=30362