https://www.taxtmi.com/caselaws?id=186496 Cenvat credit validly taken on duty-paid inputs used in the manufacture of dutiable final products cannot be reversed merely because the finished goods are later cleared without duty after the product becomes exempt. The HC applied the principle that the credit scheme does not require one-to-one correlation between inputs and final products, and in the absence of a specific rule mandating reversal, credit lawfully earned and utilised when the goods were dutiable remains intact. The revenue appeal was dismissed. en-us Wed, 13 Oct 2010 00:00:00 +0530 Sat, 29 Dec 2018 17:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186496 Cenvat credit validly taken on duty-paid inputs used in the manufacture of dutiable final products cannot be reversed merely because the finished goods are later cleared without duty after the product becomes exempt. The HC applied the principle that the credit scheme does not require one-to-one correlation between inputs and final products, and in the absence of a specific rule mandating reversal, credit lawfully earned and utilised when the goods were dutiable remains intact. The revenue appeal was dismissed. Case-Laws Central Excise Wed, 13 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186496