https://www.taxtmi.com/caselaws?id=444580 The Tribunal allowed the appeals, ruling that CENVAT credit is permissible for exported prototype vehicles, even without realization of export proceeds, as testing is integral to the manufacturing process. It determined that prototype vehicles qualify as excisable goods under the Central Excise Act. The Tribunal also held that the extended period for credit recovery is inapplicable due to the absence of suppression or intent to evade duty, as the appellants had consistently filed returns and exported under bond. en-us Mon, 16 Oct 2023 00:00:00 +0530 Mon, 16 Oct 2023 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444580 The Tribunal allowed the appeals, ruling that CENVAT credit is permissible for exported prototype vehicles, even without realization of export proceeds, as testing is integral to the manufacturing process. It determined that prototype vehicles qualify as excisable goods under the Central Excise Act. The Tribunal also held that the extended period for credit recovery is inapplicable due to the absence of suppression or intent to evade duty, as the appellants had consistently filed returns and exported under bond. Case-Laws Central Excise Mon, 16 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444580