https://www.taxtmi.com/caselaws?id=251838 Cenvat credit on capital goods was not required to be reversed when the goods were exported under bond without payment of duty. The export scheme permitted clearance for export either on rebate or under bond, and the Board's circulars, together with the Tribunal's earlier view, recognised that credit taken on inputs or capital goods did not have to be reversed merely because the goods were exported. Applying that reasoning, the Tribunal rejected the Revenue's reversal demand and upheld the appellant's entitlement to retain the credit. en-us Wed, 19 Feb 2014 00:00:00 +0530 Tue, 30 Sep 2014 13:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251838 Cenvat credit on capital goods was not required to be reversed when the goods were exported under bond without payment of duty. The export scheme permitted clearance for export either on rebate or under bond, and the Board's circulars, together with the Tribunal's earlier view, recognised that credit taken on inputs or capital goods did not have to be reversed merely because the goods were exported. Applying that reasoning, the Tribunal rejected the Revenue's reversal demand and upheld the appellant's entitlement to retain the credit. Case-Laws Central Excise Wed, 19 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251838