https://www.taxtmi.com/caselaws?id=448270 CESTAT Bangalore allowed the appeal regarding wrongful availment of inadmissible credit on medicaments. The appellant manufactured medicaments and paid duty without claiming exemption under Notification No. 4/2006-CE. The tribunal held that the Commissioner's finding of absolute exemption was incorrect, as the notification required specific conditions to be fulfilled. Since appropriate duty was already paid on formulations manufactured and cleared, and it is settled law that once duty is paid considering the manufacturing process, Cenvat Credit cannot be denied on inputs/input services even if subsequently found non-excisable. The impugned order lacked merit. en-us Thu, 21 Dec 2023 00:00:00 +0530 Tue, 16 Jan 2024 08:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448270 CESTAT Bangalore allowed the appeal regarding wrongful availment of inadmissible credit on medicaments. The appellant manufactured medicaments and paid duty without claiming exemption under Notification No. 4/2006-CE. The tribunal held that the Commissioner's finding of absolute exemption was incorrect, as the notification required specific conditions to be fulfilled. Since appropriate duty was already paid on formulations manufactured and cleared, and it is settled law that once duty is paid considering the manufacturing process, Cenvat Credit cannot be denied on inputs/input services even if subsequently found non-excisable. The impugned order lacked merit. Case-Laws Central Excise Thu, 21 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448270