https://www.taxtmi.com/caselaws?id=349805 Full reversal of NCCD credit on inputs can be treated as non-availment of credit for purposes of a conditional exemption under Notification No. 6/2002, where the exemption is available only if credit under the Cenvat Credit Rules is not taken. The document states that the appellant had initially taken credit for a short period but later reversed the entire amount, and that such reversal cured the objection based on prior availment. The exemption bar therefore ceased to operate, although delayed reversal could still attract interest liability. On that basis, denial of exemption solely because credit had been temporarily taken was not sustainable. en-us Mon, 28 Aug 2017 00:00:00 +0530 Thu, 26 Oct 2017 08:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=349805 Full reversal of NCCD credit on inputs can be treated as non-availment of credit for purposes of a conditional exemption under Notification No. 6/2002, where the exemption is available only if credit under the Cenvat Credit Rules is not taken. The document states that the appellant had initially taken credit for a short period but later reversed the entire amount, and that such reversal cured the objection based on prior availment. The exemption bar therefore ceased to operate, although delayed reversal could still attract interest liability. On that basis, denial of exemption solely because credit had been temporarily taken was not sustainable. Case-Laws Central Excise Mon, 28 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=349805