https://www.taxtmi.com/caselaws?id=342911 Reversal of CENVAT credit attributable to inputs used in exempted clearances was treated as satisfying the condition in Notification No. 30/2004-CE that such credit not be availed. The Tribunal accepted that subsequent reversal amounts to compliance with the non-availment requirement, relying on prior decisions and the deeming approach under Rule 6 of the CENVAT Credit Rules, 2004. It rejected the Revenue's contrary argument based on a different factual setting and confirmed that the exemption remained available where the attributable credit had been reversed. en-us Mon, 10 Apr 2017 00:00:00 +0530 Mon, 15 May 2017 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342911 Reversal of CENVAT credit attributable to inputs used in exempted clearances was treated as satisfying the condition in Notification No. 30/2004-CE that such credit not be availed. The Tribunal accepted that subsequent reversal amounts to compliance with the non-availment requirement, relying on prior decisions and the deeming approach under Rule 6 of the CENVAT Credit Rules, 2004. It rejected the Revenue's contrary argument based on a different factual setting and confirmed that the exemption remained available where the attributable credit had been reversed. Case-Laws Central Excise Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342911