https://www.taxtmi.com/caselaws?id=208511 Where duty is paid on finished goods, exemption and input credit are treated as mutually exclusive benefits, but the assessee is not compelled to claim exemption if it elects to discharge duty; accordingly, recovery of Cenvat credit on inputs was unsustainable and the connected penalty and interest fell with it. For a later show cause notice involving discrepancies in quantity and assessable value, the Tribunal found the factual record required closer examination and left the matter for fresh adjudication on remand. en-us Thu, 31 Mar 2011 00:00:00 +0530 Thu, 19 Jan 2012 05:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=208511 Where duty is paid on finished goods, exemption and input credit are treated as mutually exclusive benefits, but the assessee is not compelled to claim exemption if it elects to discharge duty; accordingly, recovery of Cenvat credit on inputs was unsustainable and the connected penalty and interest fell with it. For a later show cause notice involving discrepancies in quantity and assessable value, the Tribunal found the factual record required closer examination and left the matter for fresh adjudication on remand. Case-Laws Central Excise Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=208511