https://www.taxtmi.com/caselaws?id=113811 CENVAT credit was admissible on duty-paid inputs lying in stock when an SSI unit opted out of the exemption scheme and began clearing final products on payment of duty. The circular relied on clarified that, once the SSI embargo ceased, credit could be taken on inputs in stock, inputs contained in finished goods, and inputs in process, subject to quantification from documentary records. The contrary denial rested on a misreading of the circular's scope. The disallowance was therefore unsustainable, and the assessee's claim for credit was accepted. en-us Thu, 29 Jan 2004 00:00:00 +0530 Tue, 08 May 2012 15:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=113811 CENVAT credit was admissible on duty-paid inputs lying in stock when an SSI unit opted out of the exemption scheme and began clearing final products on payment of duty. The circular relied on clarified that, once the SSI embargo ceased, credit could be taken on inputs in stock, inputs contained in finished goods, and inputs in process, subject to quantification from documentary records. The contrary denial rested on a misreading of the circular's scope. The disallowance was therefore unsustainable, and the assessee's claim for credit was accepted. Case-Laws Central Excise Thu, 29 Jan 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=113811