https://www.taxtmi.com/caselaws?id=78035 The High Court ruled in favor of the assessee, holding that the mere reversal of credit for inputs used in manufacturing exempted products was sufficient to claim the benefit of exemption, even if done after detection by the Department. The Court emphasized the separate accounts maintained by the assessee and the compliance with the circular allowing credit for inputs used in exempted goods. As the assessee had reversed the entire credit, they were entitled to the exemption, leading to the dismissal of the revenue's appeal without costs. en-us Fri, 15 Jan 2010 00:00:00 +0530 Wed, 27 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78035 The High Court ruled in favor of the assessee, holding that the mere reversal of credit for inputs used in manufacturing exempted products was sufficient to claim the benefit of exemption, even if done after detection by the Department. The Court emphasized the separate accounts maintained by the assessee and the compliance with the circular allowing credit for inputs used in exempted goods. As the assessee had reversed the entire credit, they were entitled to the exemption, leading to the dismissal of the revenue's appeal without costs. Case-Laws Central Excise Fri, 15 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78035