https://www.taxtmi.com/caselaws?id=344197 Cenvat credit on capital goods validly taken during a period of dutiable manufacture remains available even if the assessee later opts for an area-based exemption and clears exempted final products. The settled principle applied is that credit once lawfully earned is indefeasible and cannot be reversed merely because the tax regime changes later, unless the credit was itself illegally or irregularly availed. The denial of recovery was therefore unsustainable and the exemption did not disentitle the assessee. en-us Tue, 16 May 2017 00:00:00 +0530 Sat, 10 Jun 2017 05:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=344197 Cenvat credit on capital goods validly taken during a period of dutiable manufacture remains available even if the assessee later opts for an area-based exemption and clears exempted final products. The settled principle applied is that credit once lawfully earned is indefeasible and cannot be reversed merely because the tax regime changes later, unless the credit was itself illegally or irregularly availed. The denial of recovery was therefore unsustainable and the exemption did not disentitle the assessee. Case-Laws Central Excise Tue, 16 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=344197