https://www.taxtmi.com/caselaws?id=33906 The Tribunal rejected the revenue's appeal and affirmed the Commissioner's decision, upholding the order that dropped proceedings against the respondents for reversing Cenvat credit on nitrogen used in oxygen manufacturing. The Tribunal agreed that the oxygen gas released during the manufacturing process is not chargeable to duty as per CBEC Circular No. 246/80/96-CX, and therefore, the Cenvat credit on liquid nitrogen used in manufacturing oxygen should not be reversed proportionately. 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 The Tribunal rejected the revenue's appeal and affirmed the Commissioner's decision, upholding the order that dropped proceedings against the respondents for reversing Cenvat credit on nitrogen used in oxygen manufacturing. The Tribunal agreed that the oxygen gas released during the manufacturing process is not chargeable to duty as per CBEC Circular No. 246/80/96-CX, and therefore, the Cenvat credit on liquid nitrogen used in manufacturing oxygen should not be reversed proportionately. Case-Laws Central Excise Fri, 26 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33906