https://www.taxtmi.com/caselaws?id=126583 Cenvat credit lawfully taken and utilised when final products were dutiable is not required to be reversed merely because the products later become exempt under a notification. The governing principle applied is that validly earned credit remains usable against duty on dutiable clearances, and a subsequent change in exemption status does not, by itself, create a reversal liability. Rule 9(2) was treated as inapplicable on the facts, and the cited recovery provisions did not justify denial of credit. The assessee's refund claim was accordingly allowed in accordance with law. en-us Mon, 09 Feb 2009 00:00:00 +0530 Thu, 22 Nov 2012 13:13:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126583 Cenvat credit lawfully taken and utilised when final products were dutiable is not required to be reversed merely because the products later become exempt under a notification. The governing principle applied is that validly earned credit remains usable against duty on dutiable clearances, and a subsequent change in exemption status does not, by itself, create a reversal liability. Rule 9(2) was treated as inapplicable on the facts, and the cited recovery provisions did not justify denial of credit. The assessee's refund claim was accordingly allowed in accordance with law. Case-Laws Central Excise Mon, 09 Feb 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126583