https://www.taxtmi.com/caselaws?id=2655 Reversal of Cenvat credit attributable to exempted clearances before removal of the goods is treated as non-availment of credit for exemption purposes, so denial of exemption on the ground of credit availment or alleged mis-utilisation is not justified. The absence of separate accounts does not by itself negate the exemption where the credit stood reversed before clearance. Applying the same principle, CESTAT, Bangalore held that the exemption benefit remained available and the demand based on mis-utilisation of credit was unsustainable. en-us Tue, 12 Jun 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2655 Reversal of Cenvat credit attributable to exempted clearances before removal of the goods is treated as non-availment of credit for exemption purposes, so denial of exemption on the ground of credit availment or alleged mis-utilisation is not justified. The absence of separate accounts does not by itself negate the exemption where the credit stood reversed before clearance. Applying the same principle, CESTAT, Bangalore held that the exemption benefit remained available and the demand based on mis-utilisation of credit was unsustainable. Case-Laws Central Excise Tue, 12 Jun 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2655