https://www.taxtmi.com/caselaws?id=341299 Validly taken Cenvat credit was treated as indefeasible, and the later exemption of the final product did not justify reversal of that credit under the Cenvat Credit Rules, 2002. The Court also held that Section 11D of the Central Excise Act, 1944 did not require the assessee to deposit the amount collected as excise duty in these circumstances. On that basis, the Department's demand was rejected and the issue was decided in favour of the assessee. en-us Tue, 29 Nov 2016 00:00:00 +0530 Thu, 06 Apr 2017 07:30:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341299 Validly taken Cenvat credit was treated as indefeasible, and the later exemption of the final product did not justify reversal of that credit under the Cenvat Credit Rules, 2002. The Court also held that Section 11D of the Central Excise Act, 1944 did not require the assessee to deposit the amount collected as excise duty in these circumstances. On that basis, the Department's demand was rejected and the issue was decided in favour of the assessee. Case-Laws Central Excise Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341299