2018 (4) TMI 1083

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....madhikari, Advocate for respondent The facts of the case are that the Respondent availed Cenvat credit on their final product like 'Acmesole Sole 2183', 'Indole' etc., which are their finished goods and not their input. The case of the department is that as per Rule 2(k) of Cenvat Credit Rules, 2004 defines expression input which interalia means goods used by manufacturer in or ....

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....ng authority has rightly disallowed the credit on the finished goods. 3. On the other hand, Shri. H.Q. Dharmadhikari, Ld. Counsel for the respondent submits that after the re-entry of the finished goods, appellant have carried out necessary processes therefore so called finished goods treated as input and hence the credit is allowed. 4. I have carefully considered the submissions made by bot....

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....d does not amount to manufacture, the manufacturer shall pay an amount equal to the CENVAT credit taken under sub-rule (1) and in any other case the manufacturer shall pay duty on goods received under sub-rule (1) at the rate applicable on the date of removal and on the value determined under sub-section (2) of section 3 or section 4 or section 4A of the Act, as the case may be. [Explanat....