https://www.taxtmi.com/caselaws?id=210545 Cenvat credit validly availed on inputs during a period when the final product was dutiable did not become reversible merely because the product later became exempt from duty. The Tribunal applied the settled principle that lawful credit taken at the time of receipt or use cannot be demanded back solely due to a subsequent exemption, and distinguished cases involving unutilised inputs lying in stock. The demand for reversal of the earlier credit was therefore not sustainable. en-us Thu, 18 Aug 2011 00:00:00 +0530 Sat, 14 Jan 2012 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210545 Cenvat credit validly availed on inputs during a period when the final product was dutiable did not become reversible merely because the product later became exempt from duty. The Tribunal applied the settled principle that lawful credit taken at the time of receipt or use cannot be demanded back solely due to a subsequent exemption, and distinguished cases involving unutilised inputs lying in stock. The demand for reversal of the earlier credit was therefore not sustainable. Case-Laws Central Excise Thu, 18 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210545