https://www.taxtmi.com/caselaws?id=766619 The Court concluded that the appellants are entitled to Cenvat Credit on fuel oil in engine parts of a vessel brought for breaking purposes, allowing credit to the extent of 85%. The Court upheld the impugned order and dismissed the revenue's appeal, affirming that by-products emerging during manufacturing activities are eligible for Cenvat Credit, even if they are non-excisable goods. This decision aligns with previous judgments by the Gujarat HC and SC, clarifying the application of law regarding Cenvat Credit eligibility in ship breaking activities. en-us Tue, 25 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766619 The Court concluded that the appellants are entitled to Cenvat Credit on fuel oil in engine parts of a vessel brought for breaking purposes, allowing credit to the extent of 85%. The Court upheld the impugned order and dismissed the revenue's appeal, affirming that by-products emerging during manufacturing activities are eligible for Cenvat Credit, even if they are non-excisable goods. This decision aligns with previous judgments by the Gujarat HC and SC, clarifying the application of law regarding Cenvat Credit eligibility in ship breaking activities. Case-Laws Central Excise Tue, 25 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766619