https://www.taxtmi.com/caselaws?id=755253 CESTAT Chennai held that a job work manufacturer cannot claim CENVAT credit on furnace oil used for manufacturing goods on behalf of principal manufacturers. The Tribunal distinguished between furnace oil used for the appellant's own manufacturing (eligible for credit as it satisfies input definition) versus furnace oil used in job work manufacturing (ineligible as the final products belong to the principal manufacturer, not the appellant). Following precedent from appellant's own earlier case, the Tribunal set aside the impugned order and allowed the appeal, clarifying that job workers cannot claim input credit for materials used in manufacturing final products belonging to principals. en-us Tue, 09 Jul 2024 00:00:00 +0530 Tue, 09 Jul 2024 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755253 CESTAT Chennai held that a job work manufacturer cannot claim CENVAT credit on furnace oil used for manufacturing goods on behalf of principal manufacturers. The Tribunal distinguished between furnace oil used for the appellant's own manufacturing (eligible for credit as it satisfies input definition) versus furnace oil used in job work manufacturing (ineligible as the final products belong to the principal manufacturer, not the appellant). Following precedent from appellant's own earlier case, the Tribunal set aside the impugned order and allowed the appeal, clarifying that job workers cannot claim input credit for materials used in manufacturing final products belonging to principals. Case-Laws Central Excise Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755253