Credit is admissible even if Inputs are discarded during manufacturing process
Last updated: 15 July 2015
Court :
Apex Court
Brief :
The Hon’ble Apex Court held that the High Court has not interfered with the factual aspects which were recorded by the Settlement Commission in its judgment. However, the High Court has stated the correct legal position where the Settlement Commission had gone wrong in law by concluding that Cenvat credit cannot be claimed on the discarded material which was found to be defective during manufacturing process. Thus, the High Court acted well within its jurisdiction under Article 226 of the Constitution of India.
Citation :
Union of India Vs. Asahi India Safety Glass Ltd [(2015) 58 taxmann.com 237 (SC)]
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Bimal Jain
Published in Excise
Views : 2096
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