https://www.taxtmi.com/caselaws?id=445167 Transformer oil used in the factory for inspection and testing of transformers was not treated as cleared as such when part of it was later drained and the required quantity refilled before dispatch. The fact that the oil formed part of the assessable value did not by itself prove removal in its original form, because the decisive point was its use in the manufacturing process. On that basis, reversal of Cenvat credit was held unwarranted. The earlier decision in the same assessee's case was distinguished because it did not examine the use of the oil for inspection and testing. en-us Mon, 30 Oct 2023 00:00:00 +0530 Wed, 01 Nov 2023 10:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445167 Transformer oil used in the factory for inspection and testing of transformers was not treated as cleared as such when part of it was later drained and the required quantity refilled before dispatch. The fact that the oil formed part of the assessable value did not by itself prove removal in its original form, because the decisive point was its use in the manufacturing process. On that basis, reversal of Cenvat credit was held unwarranted. The earlier decision in the same assessee's case was distinguished because it did not examine the use of the oil for inspection and testing. Case-Laws Central Excise Mon, 30 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445167