https://www.taxtmi.com/caselaws?id=458433 CESTAT Kolkata allowed the appeal regarding CENVAT credit denial on goods received from other manufacturers. The appellant had utilized CENVAT credit of Rs. 1,63,96,895/- and paid additional Rs. 7,58,271/- in cash while discharging excise duty, demonstrating value addition and compliance with Rule 16(1) and (2) of CER 2002. Following the precedent in Bunty Foods India Pvt. Ltd. v. CCE Thane, the Tribunal held that Rule 16 permits CENVAT credit on duty-paid goods regardless of whether they are finished goods from third parties, provided the excise duty paid on clearance equals or exceeds the credit availed. The impugned order was set aside. en-us Mon, 12 Aug 2024 00:00:00 +0530 Sat, 26 Oct 2024 19:28:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=458433 CESTAT Kolkata allowed the appeal regarding CENVAT credit denial on goods received from other manufacturers. The appellant had utilized CENVAT credit of Rs. 1,63,96,895/- and paid additional Rs. 7,58,271/- in cash while discharging excise duty, demonstrating value addition and compliance with Rule 16(1) and (2) of CER 2002. Following the precedent in Bunty Foods India Pvt. Ltd. v. CCE Thane, the Tribunal held that Rule 16 permits CENVAT credit on duty-paid goods regardless of whether they are finished goods from third parties, provided the excise duty paid on clearance equals or exceeds the credit availed. The impugned order was set aside. Case-Laws Central Excise Mon, 12 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=458433