https://www.taxtmi.com/caselaws?id=221884 Cenvat credit on inputs lying in stock, inputs in process and inputs contained in finished goods was not admissible once the final products became fully exempt from duty. Rule 6(1) of the Cenvat Credit Rules, 2004 was applied to bar credit on inputs used in the manufacture of exempted goods, and the later Supreme Court view was treated as overriding the earlier Larger Bench approach. On that basis, credit relatable to the exempt final products, including work-in-progress and finished stock, had to be reversed, and the demand for reversal was upheld. en-us Mon, 25 Jun 2012 00:00:00 +0530 Thu, 04 Apr 2013 22:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221884 Cenvat credit on inputs lying in stock, inputs in process and inputs contained in finished goods was not admissible once the final products became fully exempt from duty. Rule 6(1) of the Cenvat Credit Rules, 2004 was applied to bar credit on inputs used in the manufacture of exempted goods, and the later Supreme Court view was treated as overriding the earlier Larger Bench approach. On that basis, credit relatable to the exempt final products, including work-in-progress and finished stock, had to be reversed, and the demand for reversal was upheld. Case-Laws Central Excise Mon, 25 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221884