https://www.taxtmi.com/caselaws?id=1533 Input credit lawfully taken and utilised when a final product was still dutiable does not have to be reversed merely because the product later becomes exempt. The text applies the principle that a manufacturer is not expected to maintain separate input accounts in anticipation of a future exemption, and that past credit taken for dutiable clearances remains valid. On that basis, the assessee was not required to reverse the credit or debit 8% of the exempted clearances under Rule 57CC. en-us Wed, 10 Jan 2007 00:00:00 +0530 Mon, 14 Apr 2008 18:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1533 Input credit lawfully taken and utilised when a final product was still dutiable does not have to be reversed merely because the product later becomes exempt. The text applies the principle that a manufacturer is not expected to maintain separate input accounts in anticipation of a future exemption, and that past credit taken for dutiable clearances remains valid. On that basis, the assessee was not required to reverse the credit or debit 8% of the exempted clearances under Rule 57CC. Case-Laws Central Excise Wed, 10 Jan 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1533