Appellate Tribunal Allows Cenvat Credit on Exempt Final Products

The Appellate Tribunal CESTAT CHENNAI allowed the appeal, setting aside the order denying the appellant's right to Cenvat credit when final products became exempt from excise duty. The tribunal held that the law recognizing the abridgment of vested rights was introduced after the case, thus allowing the appellant to claim the Cenvat credit.

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The judgment by Appellate Tribunal CESTAT CHENNAI in 2016 (9) TMI 1406 states that the appellant's right to Cenvat credit cannot be denied when final products became exempt from excise duty. The order denying Cenvat credit is set aside as the law recognizing abridgment of vested rights was introduced after the case. Appeal is allowed.

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