https://www.taxtmi.com/caselaws?id=124410 Credit of NCCD taken on inputs was not required to be reversed merely because the finished goods later became exempt from NCCD. The Tribunal treated the exemption notification and Section 136 of the Finance Act as insufficient to displace the cited precedent, which held that PTY was not to be treated as exempted goods simply because other duties remained leviable and that NCCD credit could be utilised or refunded in appropriate cases. Applying that precedent as directly governing, the Tribunal held that reversal of credit was not warranted on the facts and rejected the departmental appeal. en-us Fri, 18 Jul 2008 00:00:00 +0530 Fri, 28 Sep 2012 18:39:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124410 Credit of NCCD taken on inputs was not required to be reversed merely because the finished goods later became exempt from NCCD. The Tribunal treated the exemption notification and Section 136 of the Finance Act as insufficient to displace the cited precedent, which held that PTY was not to be treated as exempted goods simply because other duties remained leviable and that NCCD credit could be utilised or refunded in appropriate cases. Applying that precedent as directly governing, the Tribunal held that reversal of credit was not warranted on the facts and rejected the departmental appeal. Case-Laws Central Excise Fri, 18 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124410