https://www.taxtmi.com/caselaws?id=120746 Re-credit of Cenvat credit was held permissible where the assessee had first reversed credit on light diesel oil stock in compliance with the then prevailing departmental instruction and earlier Board circular. After the Board revised its view and took a contrary position, the assessee sought restoration of the reversed credit. The Commissioner (Appeals) allowed re-credit, and CESTAT found no material ground to interfere with that view. The departmental challenge therefore failed, and the re-credit remained valid. en-us Wed, 27 Dec 2006 00:00:00 +0530 Tue, 24 Jul 2012 10:24:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120746 Re-credit of Cenvat credit was held permissible where the assessee had first reversed credit on light diesel oil stock in compliance with the then prevailing departmental instruction and earlier Board circular. After the Board revised its view and took a contrary position, the assessee sought restoration of the reversed credit. The Commissioner (Appeals) allowed re-credit, and CESTAT found no material ground to interfere with that view. The departmental challenge therefore failed, and the re-credit remained valid. Case-Laws Central Excise Wed, 27 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120746