2006 (12) TMI 412

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.... None, for the Respondent. [Order]. - The Revenue challenges the order of the Commissioner (Appeals) upholding the order in original by which the proceedings proposing Cenvat credit of Rs. 3,06,323/- and imposition of penalty etc. were dropped. 2. The learned Commissioner (Appeals) held that the respondent had correctly availed/utilized Cenvat credit on furnace oil/residual fuel oil ....

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....nd manufactures such final products which are chargeable to duty as well as exempted goods, then the manufacturer shall maintain separate accounts, as provided therein, of all the inputs used in the manufacture of dutiable final products and exempted goods and can take credit only on that quantity of inputs which is intended for use in the manufacture of dutiable goods.. Prima facie, this would me....