https://www.taxtmi.com/caselaws?id=210856 The delay in filing the appeal was condoned due to reasons shown in the affidavit. The Tribunal ruled in favor of the assessee regarding the availment of Cenvat credit for work in progress, as there was no evidence of actual work being done. The Tribunal also held that the assessee was not required to reverse the Cenvat credit when opting for SSI exemption, as there was no proof of utilization. The interpretation of "inputs lying in stock" favored the assessee, as there was no substantiated evidence of Cenvat credit utilization for work in progress. The Tribunal's decisions were upheld, dismissing the Revenue's appeals. en-us Thu, 31 Mar 2011 00:00:00 +0530 Wed, 29 Aug 2012 18:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210856 The delay in filing the appeal was condoned due to reasons shown in the affidavit. The Tribunal ruled in favor of the assessee regarding the availment of Cenvat credit for work in progress, as there was no evidence of actual work being done. The Tribunal also held that the assessee was not required to reverse the Cenvat credit when opting for SSI exemption, as there was no proof of utilization. The interpretation of "inputs lying in stock" favored the assessee, as there was no substantiated evidence of Cenvat credit utilization for work in progress. The Tribunal's decisions were upheld, dismissing the Revenue's appeals. Case-Laws Central Excise Thu, 31 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210856