https://www.taxtmi.com/caselaws?id=342538 The Tribunal allowed the appeals filed by the assessee-Appellants, setting aside the denial of duty exemption benefit under Notification No. 49/2003-CE & 50/2003-CE. It ruled in favor of the assessee-Appellants, citing case laws to support that Cenvat credit need not be reversed for inputs used in manufacturing exempted products. The Tribunal upheld the assessee-Appellants' position on the reversal of Cenvat credit on inputs and capital goods, emphasizing that legally availed credits do not need to be reversed under the Cenvat Credit Rules. Additionally, the Tribunal upheld the grant of refund to the assessee-Appellants and set aside the fresh show cause notice challenging the refund, highlighting the validity of the Cenvat credit availed by the appellants. en-us Tue, 14 Mar 2017 00:00:00 +0530 Sat, 06 May 2017 10:35:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342538 The Tribunal allowed the appeals filed by the assessee-Appellants, setting aside the denial of duty exemption benefit under Notification No. 49/2003-CE & 50/2003-CE. It ruled in favor of the assessee-Appellants, citing case laws to support that Cenvat credit need not be reversed for inputs used in manufacturing exempted products. The Tribunal upheld the assessee-Appellants' position on the reversal of Cenvat credit on inputs and capital goods, emphasizing that legally availed credits do not need to be reversed under the Cenvat Credit Rules. Additionally, the Tribunal upheld the grant of refund to the assessee-Appellants and set aside the fresh show cause notice challenging the refund, highlighting the validity of the Cenvat credit availed by the appellants. Case-Laws Central Excise Tue, 14 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342538