https://www.taxtmi.com/caselaws?id=346722 Once Cenvat credit is validly taken on inputs used to manufacture dutiable goods, later exemption of the final product does not by itself require reversal of that credit. The Tribunal applied the settled principle that no further co-relation between the input and the exempted clearances is needed to preserve credit already lawfully availed. Only inputs received after the final product becomes exempt are outside the credit scheme. Credit relating to work-in-process and finished stock, where the underlying credit was validly taken before exemption, was therefore not liable to reversal, and the demand for reversal was unsustainable. en-us Mon, 12 Jun 2017 00:00:00 +0530 Tue, 22 Aug 2017 07:30:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346722 Once Cenvat credit is validly taken on inputs used to manufacture dutiable goods, later exemption of the final product does not by itself require reversal of that credit. The Tribunal applied the settled principle that no further co-relation between the input and the exempted clearances is needed to preserve credit already lawfully availed. Only inputs received after the final product becomes exempt are outside the credit scheme. Credit relating to work-in-process and finished stock, where the underlying credit was validly taken before exemption, was therefore not liable to reversal, and the demand for reversal was unsustainable. Case-Laws Central Excise Mon, 12 Jun 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346722