CENVAT Credit Valid for Capital Goods Used in Generating Electricity for Dutiable Products, Despite Exempt Intermediate Products.

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....CENVAT Credit - capital goods - electricity generated from such capital goods was captively consumed for the manufacture of dutiable final products - even if such intermediate product is exempt from excise duty, Cenvat credit on the capital goods cannot be denied in terms of para 3 of the Board Circular....