https://www.taxtmi.com/caselaws?id=2735 CENVAT credit need not be reversed again where inputs are removed as such or after partial processing and duty is paid on the cleared goods in a manner that effectively neutralises the credit already taken. The Tribunal treated clearance of cold rolled steel strips, after conversion into slitted steel strips, as covered by Rule 3(3)(b) of the Cenvat Credit Rules, 2004, and relied on prior decisions that further reversal cannot be insisted upon once the credit has effectively stood reversed through duty payment. On that basis, the demand for reversal of credit, interest and penalty was unsustainable and was set aside, with consequential relief to the assessee. en-us Fri, 06 Oct 2006 00:00:00 +0530 Wed, 16 Apr 2008 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2735 CENVAT credit need not be reversed again where inputs are removed as such or after partial processing and duty is paid on the cleared goods in a manner that effectively neutralises the credit already taken. The Tribunal treated clearance of cold rolled steel strips, after conversion into slitted steel strips, as covered by Rule 3(3)(b) of the Cenvat Credit Rules, 2004, and relied on prior decisions that further reversal cannot be insisted upon once the credit has effectively stood reversed through duty payment. On that basis, the demand for reversal of credit, interest and penalty was unsustainable and was set aside, with consequential relief to the assessee. Case-Laws Central Excise Fri, 06 Oct 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2735