https://www.taxtmi.com/caselaws?id=252308 Unconditional exemption of the final product did not, for the relevant period, require reversal of CENVAT credit. Rule 9(2) of the CENVAT Credit Rules, 2002 was treated as applicable to exemptions linked to value or quantity-based clearances, while the later Rule 11(3)(ii), providing for lapse of credit on absolute exemption under Section 5A of the Central Excise Act, 1944, applied only from 1-3-2007 and did not govern the dispute. Relying on earlier Larger Bench authority, the text states that credit need not be reversed merely because the final product becomes exempt, so the demand and penalties could not be sustained. en-us Fri, 07 Feb 2014 00:00:00 +0530 Fri, 17 Oct 2014 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=252308 Unconditional exemption of the final product did not, for the relevant period, require reversal of CENVAT credit. Rule 9(2) of the CENVAT Credit Rules, 2002 was treated as applicable to exemptions linked to value or quantity-based clearances, while the later Rule 11(3)(ii), providing for lapse of credit on absolute exemption under Section 5A of the Central Excise Act, 1944, applied only from 1-3-2007 and did not govern the dispute. Relying on earlier Larger Bench authority, the text states that credit need not be reversed merely because the final product becomes exempt, so the demand and penalties could not be sustained. Case-Laws Central Excise Fri, 07 Feb 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=252308