https://www.taxtmi.com/caselaws?id=89875 Credit validly taken on inputs before the final product became exempt could not be recovered merely because the exemption later applied to the finished goods. The pre-exemption credit remained admissible, so the recovery on merits failed. The demand was also time-barred because the last credit was taken in February 1995 and the show cause notice was issued only in late September/early October 1995, beyond the prescribed recovery period. The recovery order was therefore unsustainable on both merits and limitation, and the assessee succeeded. en-us Tue, 22 Sep 1998 00:00:00 +0530 Sat, 01 Oct 2011 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=89875 Credit validly taken on inputs before the final product became exempt could not be recovered merely because the exemption later applied to the finished goods. The pre-exemption credit remained admissible, so the recovery on merits failed. The demand was also time-barred because the last credit was taken in February 1995 and the show cause notice was issued only in late September/early October 1995, beyond the prescribed recovery period. The recovery order was therefore unsustainable on both merits and limitation, and the assessee succeeded. Case-Laws Central Excise Tue, 22 Sep 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=89875