https://www.taxtmi.com/caselaws?id=264257 The Tribunal held that denial of cenvat credit on inputs when the final product became exempted was not maintainable, as credit once validly taken is indefeasible unless utilized illegally or irregularly. Specific provisions for recovery of credit on inputs upon full exemption of final products were introduced from 1.3.2007, not applicable retrospectively. The Tribunal considered a High Court judgment binding, setting aside the demand for credit reversal based on the precedent. Ultimately, the appeal was allowed, emphasizing the importance of legal principles and precedents in reaching a just decision. en-us Wed, 18 Mar 2015 00:00:00 +0530 Mon, 09 May 2016 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264257 The Tribunal held that denial of cenvat credit on inputs when the final product became exempted was not maintainable, as credit once validly taken is indefeasible unless utilized illegally or irregularly. Specific provisions for recovery of credit on inputs upon full exemption of final products were introduced from 1.3.2007, not applicable retrospectively. The Tribunal considered a High Court judgment binding, setting aside the demand for credit reversal based on the precedent. Ultimately, the appeal was allowed, emphasizing the importance of legal principles and precedents in reaching a just decision. Case-Laws Central Excise Wed, 18 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264257