https://www.taxtmi.com/caselaws?id=449928 CENVAT credit on inputs was treated as admissible even where the processing activity was held not to amount to manufacture, provided the inputs were cleared on payment of duty equal to or higher than the credit taken. The commentary states that earlier tribunal and High Court decisions treated such duty payment as a reversal of the credit availed, so disallowance of credit, interest and penalty was considered unsustainable on the facts discussed. The impugned demand was therefore described as not sustainable. en-us Thu, 22 Feb 2024 00:00:00 +0530 Fri, 23 Feb 2024 08:22:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=449928 CENVAT credit on inputs was treated as admissible even where the processing activity was held not to amount to manufacture, provided the inputs were cleared on payment of duty equal to or higher than the credit taken. The commentary states that earlier tribunal and High Court decisions treated such duty payment as a reversal of the credit availed, so disallowance of credit, interest and penalty was considered unsustainable on the facts discussed. The impugned demand was therefore described as not sustainable. Case-Laws Central Excise Thu, 22 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=449928