https://www.taxtmi.com/caselaws?id=119705 Cenvat credit was examined in relation to inputs lying in stock and inputs embedded in semi-finished goods on the date the final product became exempt. Rule 6(1) of the Cenvat Credit Rules, 2004 was applied on a prima facie basis to deny credit for inputs used in exempted goods, and the earlier authority cited by the assessee was distinguished because it arose under different facts and a different rule context. As complete waiver was not justified at the stay stage, the tribunal required a substantial pre-deposit of Rs. 50,00,000 while leaving the merits of the credit dispute open. en-us Thu, 25 May 2006 00:00:00 +0530 Thu, 12 Jul 2012 16:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=119705 Cenvat credit was examined in relation to inputs lying in stock and inputs embedded in semi-finished goods on the date the final product became exempt. Rule 6(1) of the Cenvat Credit Rules, 2004 was applied on a prima facie basis to deny credit for inputs used in exempted goods, and the earlier authority cited by the assessee was distinguished because it arose under different facts and a different rule context. As complete waiver was not justified at the stay stage, the tribunal required a substantial pre-deposit of Rs. 50,00,000 while leaving the merits of the credit dispute open. Case-Laws Central Excise Thu, 25 May 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=119705