https://www.taxtmi.com/caselaws?id=330849 Validly taken Cenvat credit on inputs and capital goods was treated as indefeasible once earned, and could not be reversed merely because the final products later became exempt from duty absent a specific recovery provision. The scheme was applied on the basis that no one-to-one correlation is required between inputs and final products, and that only credit on inputs received after the exemption date is barred. Credit already taken on stock, work-in-progress, finished goods and capital goods was therefore not liable to reversal, and the related interest demand also failed. en-us Wed, 02 Mar 2016 00:00:00 +0530 Sat, 06 Aug 2016 13:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330849 Validly taken Cenvat credit on inputs and capital goods was treated as indefeasible once earned, and could not be reversed merely because the final products later became exempt from duty absent a specific recovery provision. The scheme was applied on the basis that no one-to-one correlation is required between inputs and final products, and that only credit on inputs received after the exemption date is barred. Credit already taken on stock, work-in-progress, finished goods and capital goods was therefore not liable to reversal, and the related interest demand also failed. Case-Laws Central Excise Wed, 02 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330849