https://www.taxtmi.com/caselaws?id=33906 Cenvat credit on liquid nitrogen was held admissible because the oxygen separated during the manufacturing process was not a manufactured product cleared from the factory. The process used liquid nitrogen as an essential input for producing nitrogen gas, and the oxygen merely escaped into the atmosphere. As no exempted or marketable final product emerged for clearance, the condition for reversal of credit on inputs allegedly used in exempted goods was not satisfied, so reversal of Cenvat credit was not required. en-us Fri, 26 Sep 2008 00:00:00 +0530 Mon, 22 Jun 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33906 Cenvat credit on liquid nitrogen was held admissible because the oxygen separated during the manufacturing process was not a manufactured product cleared from the factory. The process used liquid nitrogen as an essential input for producing nitrogen gas, and the oxygen merely escaped into the atmosphere. As no exempted or marketable final product emerged for clearance, the condition for reversal of credit on inputs allegedly used in exempted goods was not satisfied, so reversal of Cenvat credit was not required. Case-Laws Central Excise Fri, 26 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33906