https://www.taxtmi.com/caselaws?id=337619 Cenvat credit on input services validly availed while a unit operated as a 100% EOU and was making duty-paid clearances was not required to be reversed on debonding. The credit had been taken on receipt of the services, and the rules did not impose any further reversal obligation merely because the finished goods were later cleared under an exemption notification. Reversal had already been made for inputs and capital goods, but no corresponding requirement existed for input services that had been consumed. The demand for reversal, interest, and penalty was therefore unsustainable, and the assessee succeeded. en-us Thu, 22 Dec 2016 00:00:00 +0530 Tue, 22 Aug 2017 15:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337619 Cenvat credit on input services validly availed while a unit operated as a 100% EOU and was making duty-paid clearances was not required to be reversed on debonding. The credit had been taken on receipt of the services, and the rules did not impose any further reversal obligation merely because the finished goods were later cleared under an exemption notification. Reversal had already been made for inputs and capital goods, but no corresponding requirement existed for input services that had been consumed. The demand for reversal, interest, and penalty was therefore unsustainable, and the assessee succeeded. Case-Laws Central Excise Thu, 22 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337619