https://www.taxtmi.com/caselaws?id=174398 The High Court ruled in favor of the assessee, dismissing the Revenue's appeal. It affirmed that Cenvat credit on inputs received pre-exemption remains with the assessee, emphasizing that payment of duty on inputs before the exemption date entitles the assessee to claim Cenvat credit, regardless of subsequent events. The Court held that the exemption of the final product from tax does not mandate reversal of Cenvat credit, maintaining that once Cenvat credit is taken, it becomes indefeasible. en-us Wed, 06 Apr 2011 00:00:00 +0530 Fri, 06 Apr 2018 13:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=174398 The High Court ruled in favor of the assessee, dismissing the Revenue's appeal. It affirmed that Cenvat credit on inputs received pre-exemption remains with the assessee, emphasizing that payment of duty on inputs before the exemption date entitles the assessee to claim Cenvat credit, regardless of subsequent events. The Court held that the exemption of the final product from tax does not mandate reversal of Cenvat credit, maintaining that once Cenvat credit is taken, it becomes indefeasible. Case-Laws Central Excise Wed, 06 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=174398