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Central Excise - Highlights / Catch Notes

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Reversal of the cenvat credit on capital goods when the final ...


CENVAT Credit Reversal Not Required: Capital Goods Not Exclusively Used for Exempt Product Manufacturing.

January 15, 2024

Case Laws     Central Excise     AT

Reversal of the cenvat credit on capital goods when the final product manufactured by use of such capital goods became exempted subsequently - the capital goods were not used exclusively for the manufacture of exempted of final product. Hence, the allegation of the show cause notice that the capital goods were used exclusively for manufacture of exempted final product is not correct. - AT

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