https://www.taxtmi.com/caselaws?id=53285 Rule 6 of the Cenvat Credit Rules, 2001 barred credit on inputs used in exempted goods, and the separate-account exception in Rule 6(2) expressly excluded inputs intended for use as fuel. On that reading, furnace oil consumed as fuel for generating steam cleared outside the factory was not eligible for refund of the reversed credit. The claim for refund of the actual credit reversed on fuel was distinguished from cases involving 8% reversal on exempt final products, and those authorities were held inapplicable. The credit reversal was therefore correctly made and no refund was admissible. en-us Mon, 26 Jul 2004 00:00:00 +0530 Tue, 12 Oct 2010 13:26:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=53285 Rule 6 of the Cenvat Credit Rules, 2001 barred credit on inputs used in exempted goods, and the separate-account exception in Rule 6(2) expressly excluded inputs intended for use as fuel. On that reading, furnace oil consumed as fuel for generating steam cleared outside the factory was not eligible for refund of the reversed credit. The claim for refund of the actual credit reversed on fuel was distinguished from cases involving 8% reversal on exempt final products, and those authorities were held inapplicable. The credit reversal was therefore correctly made and no refund was admissible. Case-Laws Central Excise Mon, 26 Jul 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=53285