https://www.taxtmi.com/caselaws?id=261301 Cenvat credit is reversible only where the rules specifically require reversal, such as clearance of inputs as such or, after the 2009 amendment, write-off of inputs as obsolete or unfit for use. Mere closure of the plant or continued stocking of inputs after dismantling does not, by itself, trigger reversal, and Rule 14 does not apply where credit was correctly taken and there is no wrongful availment or erroneous refund. Equal penalty is also not justified in the absence of clandestine removal or other material showing culpable conduct. en-us Mon, 09 Mar 2015 00:00:00 +0530 Wed, 26 Aug 2015 18:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261301 Cenvat credit is reversible only where the rules specifically require reversal, such as clearance of inputs as such or, after the 2009 amendment, write-off of inputs as obsolete or unfit for use. Mere closure of the plant or continued stocking of inputs after dismantling does not, by itself, trigger reversal, and Rule 14 does not apply where credit was correctly taken and there is no wrongful availment or erroneous refund. Equal penalty is also not justified in the absence of clandestine removal or other material showing culpable conduct. Case-Laws Central Excise Mon, 09 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261301