https://www.taxtmi.com/caselaws?id=235481 Notification No. 25/2003-CE was meant to extend Cenvat credit to inputs lying in stock as on 31.03.2003, but credit could not be claimed again on yarn that had already been taken into account when used in manufacture and converted into finished goods before 01.04.2003. On that basis, there was no existing input stock to which the later credit could attach, so the further credit claim failed. Credit on yarn waste was also not admissible under the provisions relied upon. The rejection of the appellant's Cenvat credit claim was therefore upheld. en-us Wed, 26 Jun 2013 00:00:00 +0530 Thu, 25 Jul 2013 07:47:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235481 Notification No. 25/2003-CE was meant to extend Cenvat credit to inputs lying in stock as on 31.03.2003, but credit could not be claimed again on yarn that had already been taken into account when used in manufacture and converted into finished goods before 01.04.2003. On that basis, there was no existing input stock to which the later credit could attach, so the further credit claim failed. Credit on yarn waste was also not admissible under the provisions relied upon. The rejection of the appellant's Cenvat credit claim was therefore upheld. Case-Laws Central Excise Wed, 26 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235481