https://www.taxtmi.com/caselaws?id=120111 Rule 12 of the Cenvat Credit Rules, 2002 could not be used to recover credit that was validly taken and utilised when the rules then permitted it, even though the final product later became exempt from duty. The credit scheme did not require one-to-one correlation between specific inputs and the eventual dutiable output, and validly earned Cenvat credit was treated as indefeasible. The subsequent exemption of the final product did not authorise reopening of a lawful credit transaction, so the departmental demand was unsustainable. en-us Mon, 18 Sep 2006 00:00:00 +0530 Tue, 17 Jul 2012 10:18:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120111 Rule 12 of the Cenvat Credit Rules, 2002 could not be used to recover credit that was validly taken and utilised when the rules then permitted it, even though the final product later became exempt from duty. The credit scheme did not require one-to-one correlation between specific inputs and the eventual dutiable output, and validly earned Cenvat credit was treated as indefeasible. The subsequent exemption of the final product did not authorise reopening of a lawful credit transaction, so the departmental demand was unsustainable. Case-Laws Central Excise Mon, 18 Sep 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120111