https://www.taxtmi.com/caselaws?id=307896 The High Court upheld the Tribunal's decision on the reversal of CENVAT credit for raw materials used in manufacturing exempted and non-exempted goods. The Court found no error of law in the Tribunal's decision, emphasizing the factual basis of the order. The appeals under Section 35-G of the Central Excise Act were dismissed as no substantial legal questions were identified. The case highlights the importance of maintaining separate accounts for raw materials and specifically addresses the controversy over the reversal of CENVAT credit for furnace oil, a common input in producing exempted goods. en-us Tue, 15 Mar 2022 00:00:00 +0530 Tue, 16 May 2023 08:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307896 The High Court upheld the Tribunal's decision on the reversal of CENVAT credit for raw materials used in manufacturing exempted and non-exempted goods. The Court found no error of law in the Tribunal's decision, emphasizing the factual basis of the order. The appeals under Section 35-G of the Central Excise Act were dismissed as no substantial legal questions were identified. The case highlights the importance of maintaining separate accounts for raw materials and specifically addresses the controversy over the reversal of CENVAT credit for furnace oil, a common input in producing exempted goods. Case-Laws Central Excise Tue, 15 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307896