https://www.taxtmi.com/caselaws?id=212205 The High Court held that the assessee is not liable to reverse the cenvat credit for inputs purchased before the exemption date of 1-8-2004. The Court ruled in favor of the assessee, stating that cenvat credit legally taken and utilized on dutiable final products does not need to be reversed upon subsequent exemption of the final product. Additionally, the assessee was entitled to cenvat credit for semi-finished products and raw materials held in stock before the exemption date, as the law does not mandate reversal of credit for inputs until the date of exemption. The Court emphasized the assessee's right to retain cenvat credit based on established legal principles. en-us Mon, 11 Apr 2011 00:00:00 +0530 Mon, 26 Mar 2012 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=212205 The High Court held that the assessee is not liable to reverse the cenvat credit for inputs purchased before the exemption date of 1-8-2004. The Court ruled in favor of the assessee, stating that cenvat credit legally taken and utilized on dutiable final products does not need to be reversed upon subsequent exemption of the final product. Additionally, the assessee was entitled to cenvat credit for semi-finished products and raw materials held in stock before the exemption date, as the law does not mandate reversal of credit for inputs until the date of exemption. The Court emphasized the assessee's right to retain cenvat credit based on established legal principles. Case-Laws Central Excise Mon, 11 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=212205