Cenvat Credit when intermediate product is exempt & Final Product is dutiable

HIGH COURT OF BOMBAY Oil & Natural Gas Corpn. Ltd. versus Commissioner of Central Excise, Service Tax & Customs, Raigad Central Excise Appeal (L) No. 13 of 2013 Date of Pronouncement – 01.03.2013 ORDER 1. This Appeal by the assessee arises from an order of the CESTAT dated 29 November, 2012 in an appeal arising from an order of adjudication of the Commissioner of Central Excise. 2. The Appellant, Oil and Natural Gas Corporation Limited, operates a large number of oil wells and ten process platforms which are situated in different oilfields at Mumbai Offshore. Pe...