https://www.taxtmi.com/caselaws?id=236846 Cenvat credit remained available on duty-paid inputs lying in stock, in process, or contained in finished goods when the final product ceased to be exempted or the exemption condition was withdrawn. The later notification removed the earlier condition against availing input credit and increased the effective duty, while Rule 3(1) independently permitted credit on duty-paid inputs used in manufacture of excisable final products. Rule 3(2) did not bar the claim on the admitted facts, because the inputs were duty paid and used in relation to the final product. The denial of credit was therefore unsustainable. en-us Fri, 19 Oct 2012 00:00:00 +0530 Tue, 10 Sep 2013 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236846 Cenvat credit remained available on duty-paid inputs lying in stock, in process, or contained in finished goods when the final product ceased to be exempted or the exemption condition was withdrawn. The later notification removed the earlier condition against availing input credit and increased the effective duty, while Rule 3(1) independently permitted credit on duty-paid inputs used in manufacture of excisable final products. Rule 3(2) did not bar the claim on the admitted facts, because the inputs were duty paid and used in relation to the final product. The denial of credit was therefore unsustainable. Case-Laws Central Excise Fri, 19 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236846