2014 (1) TMI 418

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....rchana Wadhwa:- After hearing both the sides, we find that the appellant is engaged in the manufacture of fractionated pure/impure Spirit which is further used in the manufacture of Rectified Spirit (RS)/ Extra Neutral Alcohol (ENA)/Denatured Spirit, the Rectified Spirit (RS)/Extra Neutral Alcohol (ENA)/Denatured Spirit. The Rectified Spirit (RS)/Extra Neutral Alcohol (ENA) are being further used....

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....ts, apart from being sold in the market were also further being converted into denatured spirit, which was being cleared on payment of duty. As such, the denial of credit was not justified. 3. We find that an identical issue was considered by the Tribunal in the case of M/s Rana Sugar Ltd. and vide its final order No. A/382/2012-EX (DB) dated 30/3/12, it was held that in as much as the capital go....