https://www.taxtmi.com/caselaws?id=768840 CENVAT credit was held admissible on inputs used to manufacture captively consumed exempt intermediate goods, because bus bars and anode stems were treated as intermediate products in the manufacture of aluminium metal and credit cannot be denied merely due to non-dutiability at that stage. The Tribunal applied the principle that a product may be intermediate for one purpose and final for another, and captive consumption supported credit eligibility. The demand was also held time-barred because the assessee had disclosed its classification and manufacturing pattern in returns and classification lists, and no suppression, wilful misstatement, or deliberate withholding of facts was shown to justify the extended period. The assessee therefore succeeded on merits and limitation. en-us Thu, 16 Jan 2025 00:00:00 +0530 Mon, 14 Apr 2025 12:14:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768840 CENVAT credit was held admissible on inputs used to manufacture captively consumed exempt intermediate goods, because bus bars and anode stems were treated as intermediate products in the manufacture of aluminium metal and credit cannot be denied merely due to non-dutiability at that stage. The Tribunal applied the principle that a product may be intermediate for one purpose and final for another, and captive consumption supported credit eligibility. The demand was also held time-barred because the assessee had disclosed its classification and manufacturing pattern in returns and classification lists, and no suppression, wilful misstatement, or deliberate withholding of facts was shown to justify the extended period. The assessee therefore succeeded on merits and limitation. Case-Laws Central Excise Thu, 16 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768840