https://www.taxtmi.com/caselaws?id=757743 Refund of excise duty on molasses captively consumed for manufacture of rectified spirit and extra neutral alcohol was held admissible where the manufacturer reversed the CENVAT credit attributable to inputs used in producing the intermediate molasses and otherwise satisfied the exemption conditions. The Tribunal applied Rule 6 of the Cenvat Credit Rules, 2004 and followed its earlier rulings on the same factual matrix, holding that the benefit of the exemption notification is not denied merely because the molasses is ultimately used in exempted spirit manufacture. The Revenue's objection that the reversal was insufficient was rejected, and denial of refund was held unsustainable. en-us Fri, 30 Aug 2024 00:00:00 +0530 Sat, 31 Aug 2024 08:03:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757743 Refund of excise duty on molasses captively consumed for manufacture of rectified spirit and extra neutral alcohol was held admissible where the manufacturer reversed the CENVAT credit attributable to inputs used in producing the intermediate molasses and otherwise satisfied the exemption conditions. The Tribunal applied Rule 6 of the Cenvat Credit Rules, 2004 and followed its earlier rulings on the same factual matrix, holding that the benefit of the exemption notification is not denied merely because the molasses is ultimately used in exempted spirit manufacture. The Revenue's objection that the reversal was insufficient was rejected, and denial of refund was held unsustainable. Case-Laws Central Excise Fri, 30 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757743