Whether benefit of SSI exemption 8/2003 is available if Cenvat Credit is taken; SC Judgment in the case of Ramesh Food Products [2004(174) ELT 310] = (2005-TIOL-07-SC-CX).

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.... of Revenue Central board of Excise & Customs    Sub: Whether benefit of SSI exemption 8/2003 is available if Cenvat Credit is taken; SC Judgment in the case of Ramesh Food Products [2004(174) ELT 310] = (2005-TIOL-07-SC-CX). SC has held in the case of Ramesh Food Products [2004(174) ELT 310] = (2005-TIOL-07-SC-CX) that under notification 175/86-CE, dated 1.3.1986, simulatane....

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....ed to the notification   (hereinafter referred as the specified goods)" Exemption is not available to branded goods under notfn. 8/2003. But branded goods are not explicitly excluded from the definition of 'specified goods'. Therefore it is to be examined whether a manufacturer availing benefit of notfn. 8/2003 can avail Cenvat Credit in respect of inputs used in manufacture of brande....