https://www.taxtmi.com/caselaws?id=348717 CENVAT credit validly taken and utilised on inputs used in the manufacture of dutiable final products is not required to be reversed merely because those final products later become exempt from duty. The Tribunal followed the settled position already affirmed by the High Court and held that the later change in duty status does not, by itself, create a reversal obligation for credit lawfully availed during the dutiable period. The demand for reversal was therefore unsustainable and was set aside. en-us Wed, 01 Mar 2017 00:00:00 +0530 Thu, 28 Sep 2017 07:07:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348717 CENVAT credit validly taken and utilised on inputs used in the manufacture of dutiable final products is not required to be reversed merely because those final products later become exempt from duty. The Tribunal followed the settled position already affirmed by the High Court and held that the later change in duty status does not, by itself, create a reversal obligation for credit lawfully availed during the dutiable period. The demand for reversal was therefore unsustainable and was set aside. Case-Laws Central Excise Wed, 01 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348717