https://www.taxtmi.com/caselaws?id=463199 Chapter Note 9 to Chapter 38 deems a treatment that renders goods marketable to be manufacture, so further distillation of received fatty acid was treated as manufacture where it gave the product distinct marketability. The fact that the input was already marketable did not prevent the deeming provision from operating, and the Revenue's contrary reliance on earlier authority was distinguished. Rule 5 of the CENVAT Credit Rules, 2004 does not require strict one-to-one tracing of each input to specific exported goods in a continuous process, provided the nexus between credit, manufacture, and exports is established. The refund denial was therefore unsustainable, and accumulated CENVAT credit remained refundable with consequential relief. en-us Thu, 05 Dec 2019 00:00:00 +0530 Wed, 13 Aug 2025 19:00:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463199 Chapter Note 9 to Chapter 38 deems a treatment that renders goods marketable to be manufacture, so further distillation of received fatty acid was treated as manufacture where it gave the product distinct marketability. The fact that the input was already marketable did not prevent the deeming provision from operating, and the Revenue's contrary reliance on earlier authority was distinguished. Rule 5 of the CENVAT Credit Rules, 2004 does not require strict one-to-one tracing of each input to specific exported goods in a continuous process, provided the nexus between credit, manufacture, and exports is established. The refund denial was therefore unsustainable, and accumulated CENVAT credit remained refundable with consequential relief. Case-Laws Central Excise Thu, 05 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463199