https://www.taxtmi.com/caselaws?id=309459 The Tribunal allowed the appellant's appeal against the demand raised under Rule 6(3) of the Cenvat Credit Rules for the sale of electricity generated from waste heat during Sponge Iron manufacturing. The demand was contested on the grounds that waste heat is not a final product and thus Rule 6(3) does not apply. Relying on legal precedents, the Tribunal determined that the liability for Cenvat credit reversal on electricity generated from waste heat was unfounded. The Tribunal also dismissed the willful suppression charge and extended limitation period, emphasizing the legislative intent regarding inputs used in manufacturing final products. en-us Fri, 26 Apr 2019 00:00:00 +0530 Mon, 04 Sep 2023 21:32:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309459 The Tribunal allowed the appellant's appeal against the demand raised under Rule 6(3) of the Cenvat Credit Rules for the sale of electricity generated from waste heat during Sponge Iron manufacturing. The demand was contested on the grounds that waste heat is not a final product and thus Rule 6(3) does not apply. Relying on legal precedents, the Tribunal determined that the liability for Cenvat credit reversal on electricity generated from waste heat was unfounded. The Tribunal also dismissed the willful suppression charge and extended limitation period, emphasizing the legislative intent regarding inputs used in manufacturing final products. Case-Laws Central Excise Fri, 26 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309459