https://www.taxtmi.com/caselaws?id=220765 CENVAT credit attributable to sludge cleared as waste, residue or by-product was held not liable to reversal where the sludge was treated as exempt under the relevant exemption notification and not chargeable in the manner argued by Revenue. Relying on earlier Tribunal precedent affirmed by the Supreme Court, the Tribunal applied the principle of non-reversal for exempted sludge and concluded that the appellant was not required to reverse the credit. The impugned order was set aside and consequential relief followed. en-us Fri, 13 Jul 2012 00:00:00 +0530 Fri, 08 Feb 2013 06:24:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=220765 CENVAT credit attributable to sludge cleared as waste, residue or by-product was held not liable to reversal where the sludge was treated as exempt under the relevant exemption notification and not chargeable in the manner argued by Revenue. Relying on earlier Tribunal precedent affirmed by the Supreme Court, the Tribunal applied the principle of non-reversal for exempted sludge and concluded that the appellant was not required to reverse the credit. The impugned order was set aside and consequential relief followed. Case-Laws Central Excise Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=220765