https://www.taxtmi.com/circulars?id=6683 Credit of duty taken on inputs that are in stock on the date the finished product becomes exempt must be reversed because those inputs will be used in exempt final products; Rule 57C is sufficiently clear to require such reversal and needs no amendment, and field formations and trade are to be informed so pending cases may be settled accordingly. en-us Fri, 30 Jun 1989 00:00:00 +0530 Sat, 04 Jul 2009 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=6683 Credit of duty taken on inputs that are in stock on the date the finished product becomes exempt must be reversed because those inputs will be used in exempt final products; Rule 57C is sufficiently clear to require such reversal and needs no amendment, and field formations and trade are to be informed so pending cases may be settled accordingly. Circulars Central Excise Fri, 30 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/circulars?id=6683