https://www.taxtmi.com/caselaws?id=191499 The appellants, involved in manufacturing excisable goods, availed Cenvat credit on inputs in stock as of 1-3-2005. Show cause notices were issued to reverse the credit, leading to a demand confirmed by the Adjudicating authority and upheld by the Commissioner (Appeals). The Tribunal, referencing precedent cases, ruled that legally taken input credit on dutiable final products need not be reversed when the final product becomes exempt. Consequently, the penalty was overturned, and the case was referred to the Regular Bench for final disposal based on the Larger Bench's findings. en-us Tue, 14 Jul 2015 00:00:00 +0530 Thu, 06 Apr 2017 10:02:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191499 The appellants, involved in manufacturing excisable goods, availed Cenvat credit on inputs in stock as of 1-3-2005. Show cause notices were issued to reverse the credit, leading to a demand confirmed by the Adjudicating authority and upheld by the Commissioner (Appeals). The Tribunal, referencing precedent cases, ruled that legally taken input credit on dutiable final products need not be reversed when the final product becomes exempt. Consequently, the penalty was overturned, and the case was referred to the Regular Bench for final disposal based on the Larger Bench's findings. Case-Laws Central Excise Tue, 14 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191499