https://www.taxtmi.com/caselaws?id=340273 Cenvat credit validly availed on inputs for manufacture of a dutiable product was not required to be reversed merely because the final product later became exempt under a subsequent notification. The Tribunal followed its earlier view and supporting High Court decisions that once credit has lawfully accrued, it is not divested by a later exemption of the finished goods. On that basis, credit taken before the exemption date was upheld, and the Department's challenge to the consequential refund failed. en-us Wed, 08 Mar 2017 00:00:00 +0530 Thu, 13 Apr 2017 15:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340273 Cenvat credit validly availed on inputs for manufacture of a dutiable product was not required to be reversed merely because the final product later became exempt under a subsequent notification. The Tribunal followed its earlier view and supporting High Court decisions that once credit has lawfully accrued, it is not divested by a later exemption of the finished goods. On that basis, credit taken before the exemption date was upheld, and the Department's challenge to the consequential refund failed. Case-Laws Central Excise Wed, 08 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340273