https://www.taxtmi.com/caselaws?id=337138 Reversal of CENVAT credit on furnace oil was treated as satisfying an exemption notification condition requiring that no credit be taken on inputs or capital goods used in manufacture. Because the assessee had not availed credit on any other input or capital goods, the later reversal of the furnace oil credit was regarded as equivalent to non-availment. On that basis, the exemption condition was held to be complied with, and the assessee remained entitled to the exemption. en-us Thu, 01 Dec 2016 00:00:00 +0530 Wed, 04 Jan 2017 08:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337138 Reversal of CENVAT credit on furnace oil was treated as satisfying an exemption notification condition requiring that no credit be taken on inputs or capital goods used in manufacture. Because the assessee had not availed credit on any other input or capital goods, the later reversal of the furnace oil credit was regarded as equivalent to non-availment. On that basis, the exemption condition was held to be complied with, and the assessee remained entitled to the exemption. Case-Laws Central Excise Thu, 01 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337138