https://www.taxtmi.com/caselaws?id=32066 Rule 3(3) of the Cenvat Credit Rules, 2002 permits MODVAT/CENVAT credit earned on inputs for one final product to be used for payment of excise duty on any other final product manufactured by the assessee. The credit is treated as indefeasible and does not require product-wise or input-wise correlation between a particular input and a particular final product. A restriction that segregates the credit account product-wise is contrary to the rule, the settled principle that credit is not tied to a specific product, and the departmental circular recognising unrestricted use of earned credit for any final product. en-us Mon, 09 Jan 2006 00:00:00 +0530 Sat, 10 Jan 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32066 Rule 3(3) of the Cenvat Credit Rules, 2002 permits MODVAT/CENVAT credit earned on inputs for one final product to be used for payment of excise duty on any other final product manufactured by the assessee. The credit is treated as indefeasible and does not require product-wise or input-wise correlation between a particular input and a particular final product. A restriction that segregates the credit account product-wise is contrary to the rule, the settled principle that credit is not tied to a specific product, and the departmental circular recognising unrestricted use of earned credit for any final product. Case-Laws Central Excise Mon, 09 Jan 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32066