2024 (8) TMI 394 - SCH - Central Excise

Reversal of proportionate CENVAT credit - generation of electricity - CENVAT credit of Counterveiling Duty (CVD) on import of Coal - quantum of power wheeled out to sister units - it was held by High Court that 'there are merit in the position that electricity captively generated is an input, wherever used by the assessee concerned. The use of the term captive is, in our view a qualification of the location where it is generated and not of the location where it is used.' HELD THAT - No case for interference is made out in exercise of our jurisdiction under Article 136 of the Constitution of India. The Special Leave Petitions are, accordingly, dismissed.

Summary

The Supreme Court dismissed the Special Leave Petitions as no case for interference was found under Article 136 of the Constitution of India. The pending application was also disposed of.