https://www.taxtmi.com/caselaws?id=764669 On partial debonding of a 100% EOU, excise duty foregone on duty-free indigenous goods lying in stock could be discharged from validly availed Cenvat credit, because the governing notifications and the Cenvat scheme did not require cash payment. The Court recognised the distinction between customs duty on imported goods and excise duty on indigenous goods, and applied the settled principle that valid Cenvat credit is indefeasible and available for utilisation. Departmental insistence on payment in cash was therefore unsustainable, and the demand was quashed to the extent it compelled cash payment instead of permitting credit utilisation. en-us Wed, 18 Dec 2024 00:00:00 +0530 Wed, 15 Jan 2025 17:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764669 On partial debonding of a 100% EOU, excise duty foregone on duty-free indigenous goods lying in stock could be discharged from validly availed Cenvat credit, because the governing notifications and the Cenvat scheme did not require cash payment. The Court recognised the distinction between customs duty on imported goods and excise duty on indigenous goods, and applied the settled principle that valid Cenvat credit is indefeasible and available for utilisation. Departmental insistence on payment in cash was therefore unsustainable, and the demand was quashed to the extent it compelled cash payment instead of permitting credit utilisation. Case-Laws Central Excise Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764669