https://www.taxtmi.com/caselaws?id=173950 Reversal of common input credit was examined against the exemption condition barring availment of Cenvat credit under Notification No. 30/2004-CE. The denial of exemption rested on the timing of reversal and an alleged mismatch between the credit originally taken and the amount reversed. Relying on earlier decisions that reversal before utilisation may be treated as equivalent to non-availment, the Tribunal found the issue required reconsideration. The matter was remanded to the Commissioner for fresh decision, with liberty to the assessee to prove the quantum of credit reversed. en-us Tue, 12 Oct 2010 00:00:00 +0530 Mon, 17 Apr 2017 13:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=173950 Reversal of common input credit was examined against the exemption condition barring availment of Cenvat credit under Notification No. 30/2004-CE. The denial of exemption rested on the timing of reversal and an alleged mismatch between the credit originally taken and the amount reversed. Relying on earlier decisions that reversal before utilisation may be treated as equivalent to non-availment, the Tribunal found the issue required reconsideration. The matter was remanded to the Commissioner for fresh decision, with liberty to the assessee to prove the quantum of credit reversed. Case-Laws Central Excise Tue, 12 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=173950