https://www.taxtmi.com/caselaws?id=264825 Eligibility for the exemption depended on whether inadmissible Cenvat credit had been taken and whether such credit could be used to pay duty on goods cleared under the notification. The Tribunal noted that no inadmissible credit had been shown on the material before it, but held that the notification could not be read apart from Rule 3(4) of the Cenvat Credit Rules, 2004, which barred utilisation of Cenvat credit for payment of duty on exempted goods. It therefore found no strong prima facie case on merits, yet granted waiver of balance dues and stay against recovery during the appeal, subject to compliance with the directed option of reversing credit with interest or paying duty in cash within the stipulated time. en-us Mon, 10 Nov 2014 00:00:00 +0530 Sat, 03 Oct 2015 21:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264825 Eligibility for the exemption depended on whether inadmissible Cenvat credit had been taken and whether such credit could be used to pay duty on goods cleared under the notification. The Tribunal noted that no inadmissible credit had been shown on the material before it, but held that the notification could not be read apart from Rule 3(4) of the Cenvat Credit Rules, 2004, which barred utilisation of Cenvat credit for payment of duty on exempted goods. It therefore found no strong prima facie case on merits, yet granted waiver of balance dues and stay against recovery during the appeal, subject to compliance with the directed option of reversing credit with interest or paying duty in cash within the stipulated time. Case-Laws Central Excise Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264825