https://www.taxtmi.com/caselaws?id=267121 Complete reversal of CENVAT credit taken on common inputs used for both dutiable and exempted goods was held to place the assessee in the same position as if no credit had been availed. On that basis, the condition in Notification No. 10/2002-CE was satisfied and the exemption could not be denied. The Tribunal treated the full reversal, together with acceptance of interest liability for the period of utilisation, as sufficient to neutralise the earlier credit availment. The denial of exemption was therefore unsustainable. en-us Mon, 27 Jul 2015 00:00:00 +0530 Fri, 30 Oct 2015 15:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267121 Complete reversal of CENVAT credit taken on common inputs used for both dutiable and exempted goods was held to place the assessee in the same position as if no credit had been availed. On that basis, the condition in Notification No. 10/2002-CE was satisfied and the exemption could not be denied. The Tribunal treated the full reversal, together with acceptance of interest liability for the period of utilisation, as sufficient to neutralise the earlier credit availment. The denial of exemption was therefore unsustainable. Case-Laws Central Excise Mon, 27 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267121