https://www.taxtmi.com/caselaws?id=54732 Cenvat credit was admissible on Naphtha used to generate steam and electricity that were returned for use in manufacture, because the credit scheme expressly covered inputs used for generation of such intermediate products and their return within the prescribed period. Treating the power plant as a job worker on the facts, the change in form or identity of the input did not defeat credit, and reliance on Notification No. 214/86-C.E. was misplaced. As material facts were disclosed to the department, suppression was not established, so the extended period and penalty were not sustainable. en-us Fri, 28 Jan 2005 00:00:00 +0530 Sat, 15 Jun 2024 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54732 Cenvat credit was admissible on Naphtha used to generate steam and electricity that were returned for use in manufacture, because the credit scheme expressly covered inputs used for generation of such intermediate products and their return within the prescribed period. Treating the power plant as a job worker on the facts, the change in form or identity of the input did not defeat credit, and reliance on Notification No. 214/86-C.E. was misplaced. As material facts were disclosed to the department, suppression was not established, so the extended period and penalty were not sustainable. Case-Laws Central Excise Fri, 28 Jan 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54732