CESTAT Quashes Order Reversing CENVAT Credit for Transformer Oil used in Transformer Manufacturing

Commissioner of GST & Central Excise Vs Indo Tech Transformers Ltd (CESTAT Chennai) Conclusion: CENVAT credit of excise duty was allowable on transformer oil which was used for the manufacture of the transformer as transformer oil purchased by assessee was used inside the factory in the process of manufacture and only for convenience had been transported in barrels along with the finished product and the transformer oil was not cleared ‘as such’, therefore, the order of reversal of Cenvat credit was quashed. Held: Assessee-company was engaged in the manufacture of transformers and thei...