https://www.taxtmi.com/caselaws?id=203460 Under Notification No. 30/2004-CE, the condition that no CENVAT credit be taken can be satisfied if the credit is later reversed, because reversal treats the credit as if it had not been availed. The timing of reversal is not decisive where the credit is effectively undone, including reversal made at the appellate stage. On that basis, the assessee was treated as having substantially complied with the exemption condition and was entitled to the exemption benefit. en-us Thu, 16 Dec 2010 00:00:00 +0530 Sat, 16 May 2015 18:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203460 Under Notification No. 30/2004-CE, the condition that no CENVAT credit be taken can be satisfied if the credit is later reversed, because reversal treats the credit as if it had not been availed. The timing of reversal is not decisive where the credit is effectively undone, including reversal made at the appellate stage. On that basis, the assessee was treated as having substantially complied with the exemption condition and was entitled to the exemption benefit. Case-Laws Central Excise Thu, 16 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203460