https://www.taxtmi.com/caselaws?id=764076 CESTAT Chennai held that a sugar manufacturer was not liable to pay 5%/6% on bagasse clearances under Rule 6(3) of CENVAT Credit Rules, 2004. The appellant had availed CENVAT credit without maintaining separate accounts for dutiable and exempted goods. Following precedent from Ponni Sugars case, the Tribunal ruled that since bagasse is not a manufactured final product, the obligation for CENVAT credit reversal under Rule 6(1) does not apply. The demand for credit recovery with interest and penalties was set aside, and the appeal was allowed. en-us Thu, 02 Jan 2025 00:00:00 +0530 Thu, 02 Jan 2025 14:41:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764076 CESTAT Chennai held that a sugar manufacturer was not liable to pay 5%/6% on bagasse clearances under Rule 6(3) of CENVAT Credit Rules, 2004. The appellant had availed CENVAT credit without maintaining separate accounts for dutiable and exempted goods. Following precedent from Ponni Sugars case, the Tribunal ruled that since bagasse is not a manufactured final product, the obligation for CENVAT credit reversal under Rule 6(1) does not apply. The demand for credit recovery with interest and penalties was set aside, and the appeal was allowed. Case-Laws Central Excise Thu, 02 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764076