https://www.taxtmi.com/caselaws?id=123592 Reversal of the entire Cenvat credit balance is not required where exemption is claimed only for specified clearances and the assessee has not used credit-availing inputs in the manufacture of exempted goods. The requirement to reverse credit attributable to inputs in stock, work in progress and finished goods arises only when a unit enjoys full exemption for all final products during the relevant period. On the facts stated, the exempted clearances were kept separate and the underlying substantive condition for exemption was satisfied, so the demand for full reversal was unsustainable and was set aside. en-us Tue, 27 Jun 2006 00:00:00 +0530 Tue, 18 Sep 2012 12:05:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=123592 Reversal of the entire Cenvat credit balance is not required where exemption is claimed only for specified clearances and the assessee has not used credit-availing inputs in the manufacture of exempted goods. The requirement to reverse credit attributable to inputs in stock, work in progress and finished goods arises only when a unit enjoys full exemption for all final products during the relevant period. On the facts stated, the exempted clearances were kept separate and the underlying substantive condition for exemption was satisfied, so the demand for full reversal was unsustainable and was set aside. Case-Laws Central Excise Tue, 27 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=123592