https://www.taxtmi.com/caselaws?id=330853 The appeal was allowed based on the High Court judgment favoring the appellant, overturning the order confirming a CENVAT Credit demand of Rs. 1,53,38,727 along with interest and penalties due to failure to reverse credit on exempt final products when tractors became fully exempt from Central Excise duty. The Tribunal emphasized that no correlation between raw materials and final products is required for taking credit and clarified that no credit can be taken for inputs received after the final goods become exempt from duty. The Tribunal acknowledged the correctness of the established legal position and set aside the impugned order. en-us Wed, 09 Mar 2016 00:00:00 +0530 Sat, 06 Aug 2016 14:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330853 The appeal was allowed based on the High Court judgment favoring the appellant, overturning the order confirming a CENVAT Credit demand of Rs. 1,53,38,727 along with interest and penalties due to failure to reverse credit on exempt final products when tractors became fully exempt from Central Excise duty. The Tribunal emphasized that no correlation between raw materials and final products is required for taking credit and clarified that no credit can be taken for inputs received after the final goods become exempt from duty. The Tribunal acknowledged the correctness of the established legal position and set aside the impugned order. Case-Laws Central Excise Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330853