https://www.taxtmi.com/caselaws?id=201447 Cenvat credit could not be denied merely because inputs remained unutilised, were contained in semi-finished goods, or were contained in finished goods lying in stock, where the goods became exempt and no statutory time limit was prescribed for clearance of the finished products. The court treated the exemption notification and the absence of any prescribed clearance period as decisive, and held that denial of credit was not justified on those facts. The concurrent orders in favour of the assessee were therefore left undisturbed, and the question of law was answered against the revenue. en-us Thu, 18 Mar 2010 00:00:00 +0530 Sat, 08 Jan 2011 14:06:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201447 Cenvat credit could not be denied merely because inputs remained unutilised, were contained in semi-finished goods, or were contained in finished goods lying in stock, where the goods became exempt and no statutory time limit was prescribed for clearance of the finished products. The court treated the exemption notification and the absence of any prescribed clearance period as decisive, and held that denial of credit was not justified on those facts. The concurrent orders in favour of the assessee were therefore left undisturbed, and the question of law was answered against the revenue. Case-Laws Central Excise Thu, 18 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201447