https://www.taxtmi.com/caselaws?id=77795 The Tribunal held that the Revenue's appeal lacked merit as the adjustment of Cenvat credit by the Assistant Commissioner was incorrect. It was clarified that while credit can be reversed upon products becoming exempt, recovery of credit requires a proper order upholding the recovery before adjustment. The Tribunal emphasized the distinction between reversal and recovery of credit, highlighting that recovery should only occur if credit was illegally or irregularly taken. The decision underscored the necessity for excise authorities to follow proper procedures and legal authority when making credit adjustments, ultimately rejecting the Revenue's appeal. en-us Fri, 16 Apr 2010 00:00:00 +0530 Tue, 12 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77795 The Tribunal held that the Revenue's appeal lacked merit as the adjustment of Cenvat credit by the Assistant Commissioner was incorrect. It was clarified that while credit can be reversed upon products becoming exempt, recovery of credit requires a proper order upholding the recovery before adjustment. The Tribunal emphasized the distinction between reversal and recovery of credit, highlighting that recovery should only occur if credit was illegally or irregularly taken. The decision underscored the necessity for excise authorities to follow proper procedures and legal authority when making credit adjustments, ultimately rejecting the Revenue's appeal. Case-Laws Central Excise Fri, 16 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77795