https://www.taxtmi.com/caselaws?id=189903 CENVAT credit validly taken and utilised when the final product was dutiable did not require reversal merely because the product later became exempt from duty. The analysis followed the Larger Bench ruling in HMT, applying the Supreme Court decision in Dai Ichi Karkaria to hold that legally availed credit remains protected despite a subsequent exemption. The appeal was dismissed. en-us Fri, 15 May 2009 00:00:00 +0530 Fri, 22 May 2020 12:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189903 CENVAT credit validly taken and utilised when the final product was dutiable did not require reversal merely because the product later became exempt from duty. The analysis followed the Larger Bench ruling in HMT, applying the Supreme Court decision in Dai Ichi Karkaria to hold that legally availed credit remains protected despite a subsequent exemption. The appeal was dismissed. Case-Laws Central Excise Fri, 15 May 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189903