https://www.taxtmi.com/caselaws?id=448320 The Tribunal upheld the Commissioner (Appeal) decision, dismissing the Revenue's appeal and ruling in favor of the respondent. It concluded that the respondent was not obligated to pay 6% of the value of iron ore fines under Rule 6(3) of the Cenvat Credit Rules, 2004. The Tribunal determined that iron ore fines, emerging as a by-product during the manufacture of sponge iron, were not considered manufactured goods requiring separate records. Consequently, the demand for payment, interest, and penalty was set aside. en-us Fri, 22 Dec 2023 00:00:00 +0530 Wed, 17 Jan 2024 08:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448320 The Tribunal upheld the Commissioner (Appeal) decision, dismissing the Revenue's appeal and ruling in favor of the respondent. It concluded that the respondent was not obligated to pay 6% of the value of iron ore fines under Rule 6(3) of the Cenvat Credit Rules, 2004. The Tribunal determined that iron ore fines, emerging as a by-product during the manufacture of sponge iron, were not considered manufactured goods requiring separate records. Consequently, the demand for payment, interest, and penalty was set aside. Case-Laws Central Excise Fri, 22 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448320