https://www.taxtmi.com/caselaws?id=203163 Credit validly taken under the Cenvat scheme was not required to be reversed merely because the final product later became exempt from duty. The court noted that legally and properly accrued credit remained available to the manufacturer unless it was illegally or irregularly taken, and the rules did not provide for divestment of such credit after subsequent exemption. Credit already taken and utilised on dutiable final products could not be withdrawn on that later change. Only inputs procured after exemption, where credit was not otherwise admissible, were treated differently, and the reversal demand was held unsustainable. en-us Tue, 01 Mar 2011 00:00:00 +0530 Thu, 27 Nov 2025 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203163 Credit validly taken under the Cenvat scheme was not required to be reversed merely because the final product later became exempt from duty. The court noted that legally and properly accrued credit remained available to the manufacturer unless it was illegally or irregularly taken, and the rules did not provide for divestment of such credit after subsequent exemption. Credit already taken and utilised on dutiable final products could not be withdrawn on that later change. Only inputs procured after exemption, where credit was not otherwise admissible, were treated differently, and the reversal demand was held unsustainable. Case-Laws Central Excise Tue, 01 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203163