No reversal of CENVAT credit as Bagasse is non manufactured final product: CESTAT quashes Demand for CENVAT credit [Read Order]

No reversal - CENVAT credit - Bagasse - non manufactured final product - CESTAT - Demand - CENVAT credit - taxscan

The Chennai Bench of the Customs, Excise & Service Tax Appellate Tribunal(CESTAT) quashed the demand for Cenvat credit as reversal of CENVAT credit was not allowable since the Bagasse is non-manufactured final product.  M/s. Ponni Sugars (Erode) Limited, the appellant is engaged in the manufacture of ‘sugar’ and ‘molasses’ and is availing CENVAT Credit on…

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