https://www.taxtmi.com/caselaws?id=52432 Cenvat credit on capital goods used to make exempt intermediate products remained admissible where those intermediates were captively consumed in the manufacture of final products cleared on payment of duty. The Tribunal followed CBEC circulars dated 3-4-2000 and 26-9-2002, which clarified that credit should not be denied merely because the intermediate product was exempt, so long as the final products were dutiable and duty-paid. On that basis, the demand for reversal of credit and the penalty were set aside. en-us Wed, 29 Oct 2003 00:00:00 +0530 Tue, 05 Oct 2010 17:24:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=52432 Cenvat credit on capital goods used to make exempt intermediate products remained admissible where those intermediates were captively consumed in the manufacture of final products cleared on payment of duty. The Tribunal followed CBEC circulars dated 3-4-2000 and 26-9-2002, which clarified that credit should not be denied merely because the intermediate product was exempt, so long as the final products were dutiable and duty-paid. On that basis, the demand for reversal of credit and the penalty were set aside. Case-Laws Central Excise Wed, 29 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=52432