Excise duty as finished goods not leviable on broken bottles of beverages

Pepsico (I) Holdings Pvt. Ltd. Vs Commissioner of CE & ST (CESTAT Mumbai) CESTAT Mumbai held that as the appellant has duly reversed the CENVAT Credit on inputs used in respect of finished goods contained in the broken bottles of beverages, the appellant is not liable to pay excise duty on the same. Facts- The appellants were engaged in the manufacturing of aerated water at Roha plant. The aerated water manufactured by them is bottled in glass bottles. In their store the goods manufactured by them as well as other units (received on payment of duty) are stored. During the course of handlin...