https://www.taxtmi.com/caselaws?id=1558 SC held that the assessee satisfied both conditions of item 1 of Notification No. 14/2002-CE: duty on yarn was paid before clearance of grey fabric and CENVAT credit taken on the input was reversed before utilization, effectively meaning no credit was availed. Consequently the exemption at nil rate applied to the grey fabric and the Department's demand for differential duty was rejected. The civil appeal by the Department was dismissed with no order as to costs. en-us Wed, 08 Aug 2007 00:00:00 +0530 Mon, 15 Sep 2025 10:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1558 SC held that the assessee satisfied both conditions of item 1 of Notification No. 14/2002-CE: duty on yarn was paid before clearance of grey fabric and CENVAT credit taken on the input was reversed before utilization, effectively meaning no credit was availed. Consequently the exemption at nil rate applied to the grey fabric and the Department's demand for differential duty was rejected. The civil appeal by the Department was dismissed with no order as to costs. Case-Laws Central Excise Wed, 08 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1558