CENVAT Credit Reversal Required for Inputs in Exempted Goods Production; No Credit for Molasses Use.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....CENVAT Credit - Whether Cenvat Credit attributable to the quantity of Inputs (Molasses) used in, or in relation to manufacture of exempted final product required to be reversed - Being exempt the final product, respondent could not possibly have claimed CENVAT credit in respect of the same. - HC....