https://www.taxtmi.com/caselaws?id=442557 The Tribunal held that naphtha used within the factory for generating electricity consumed in manufacturing final products qualifies as an eligible input. The Appellant was entitled to Cenvat credit on such naphtha. For the period from April 1, 2006 to March 31, 2008, the Tribunal found that the Appellant's practice of reversing credit for electricity used outside the factory was consistent with legal provisions. The Tribunal dismissed the Commissioner's grounds for denying credit and held that the demand was not sustainable. The Tribunal set aside the impugned order on merit and limitation, allowing the appeal filed by the Appellant and quashing the demand for Cenvat credit reversal, interest, and penalty. en-us Wed, 30 Aug 2023 00:00:00 +0530 Mon, 04 Sep 2023 12:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=442557 The Tribunal held that naphtha used within the factory for generating electricity consumed in manufacturing final products qualifies as an eligible input. The Appellant was entitled to Cenvat credit on such naphtha. For the period from April 1, 2006 to March 31, 2008, the Tribunal found that the Appellant's practice of reversing credit for electricity used outside the factory was consistent with legal provisions. The Tribunal dismissed the Commissioner's grounds for denying credit and held that the demand was not sustainable. The Tribunal set aside the impugned order on merit and limitation, allowing the appeal filed by the Appellant and quashing the demand for Cenvat credit reversal, interest, and penalty. Case-Laws Central Excise Wed, 30 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=442557