https://www.taxtmi.com/caselaws?id=340620 The Tribunal ruled in favor of the appellant, stating that Rule 11(2) of the Cenvat Credit Rules, 2004, mandates the reversal of only unutilized credit upon opting for the SSI Exemption Scheme. As the appellant had a nil balance in their Cenvat credit account, no amount needed to be reversed. The appeal was allowed, setting aside the demand for reversal, and the appellant was granted consequential benefits as per the law. en-us Wed, 22 Feb 2017 00:00:00 +0530 Fri, 25 Aug 2017 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=340620 The Tribunal ruled in favor of the appellant, stating that Rule 11(2) of the Cenvat Credit Rules, 2004, mandates the reversal of only unutilized credit upon opting for the SSI Exemption Scheme. As the appellant had a nil balance in their Cenvat credit account, no amount needed to be reversed. The appeal was allowed, setting aside the demand for reversal, and the appellant was granted consequential benefits as per the law. Case-Laws Central Excise Wed, 22 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=340620