CENVAT Credit Rules, 2001

The Union of India issued an excise duty exemption for new industries in earthquake‑hit Kutch, promising a full cash/PLA refund. Subsequent notifications in 2008 limited the refund to a percentage based on actual value addition, citing tax‑evasion concerns. The original writ petitioners claimed the later notifications …

Lipi Boilers Ltd. entered into a contract to design, procure, manufacture and supply a bagasse‑fired boiler in CKD condition, with several bought‑out components delivered directly to the buyer’s site. The revenue issued a show‑cause notice alleging that the value of these bought‑out items should be added to the boiler’…

Mis. Ispat Industries Ltd (IIL) and its sister concern Mis. Ispat Metallics Industries Ltd (IMIL) jointly procured iron ore pellets under a tripartite agreement with the supplier. IIL availed CENVAT credit on the entire quantity and later transferred the pellets to IMIL, reversing the credit and issuing debit notes for…

Madras Cements Ltd., a cement manufacturer, claimed Modvat credit for certain items it described as components, spares and accessories used in its mining operations during November‑December 1999. The Revenue argued that the items were not capital goods under Rule 570 of the Central Excise Rules and disallowed the credi…