https://www.taxtmi.com/caselaws?id=438793 Goods cleared for export under bond or LUT were held not to lose CENVAT credit entitlement merely because they were treated as exempted, nil-rated, or non-excisable in the domestic market. Rule 6 of the CENVAT Credit Rules, 2004 was read in light of the export scheme, which is intended to avoid domestic tax burden on exports and prevent cascading of duty on inputs. The broader export exception in Rule 6(6) was treated as covering such clearances, so denial of credit or demand of an amount equivalent to 10% of the value of goods was unsustainable. The Revenue's challenge failed and the assessee retained the credit benefit. en-us Tue, 06 Jun 2023 00:00:00 +0530 Thu, 08 Jun 2023 18:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=438793 Goods cleared for export under bond or LUT were held not to lose CENVAT credit entitlement merely because they were treated as exempted, nil-rated, or non-excisable in the domestic market. Rule 6 of the CENVAT Credit Rules, 2004 was read in light of the export scheme, which is intended to avoid domestic tax burden on exports and prevent cascading of duty on inputs. The broader export exception in Rule 6(6) was treated as covering such clearances, so denial of credit or demand of an amount equivalent to 10% of the value of goods was unsustainable. The Revenue's challenge failed and the assessee retained the credit benefit. Case-Laws Central Excise Tue, 06 Jun 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=438793