https://www.taxtmi.com/caselaws?id=325713 An exemption notification barred availment of its benefit where Cenvat credit had been taken, but it did not provide any mechanism to reverse valid credit already earned and utilised. The controlling principle applied was that lawfully availed Cenvat credit is indefeasible and cannot be divested merely because the final product later becomes exempt, absent an express statutory provision. On that basis, the amount paid under a mistaken understanding of law was refundable, and the demand denying refund was unsustainable. en-us Mon, 11 Jan 2016 00:00:00 +0530 Mon, 28 Mar 2016 06:59:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325713 An exemption notification barred availment of its benefit where Cenvat credit had been taken, but it did not provide any mechanism to reverse valid credit already earned and utilised. The controlling principle applied was that lawfully availed Cenvat credit is indefeasible and cannot be divested merely because the final product later becomes exempt, absent an express statutory provision. On that basis, the amount paid under a mistaken understanding of law was refundable, and the demand denying refund was unsustainable. Case-Laws Central Excise Mon, 11 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325713