https://www.taxtmi.com/caselaws?id=350873 Cenvat credit on capital goods remained admissible where the goods were procured and installed during the period when the unit was clearing final products on duty payment. The later shift to an area-based exemption did not invalidate credit that had already been validly earned, because entitlement is tested at the stage of taking and using the credit. Applying the settled principle from an earlier coordinate decision, the Tribunal held that the subsequent exemption could not defeat the pre-existing credit. The demand and penalty therefore could not survive. en-us Mon, 18 Sep 2017 00:00:00 +0530 Wed, 15 Nov 2017 08:48:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350873 Cenvat credit on capital goods remained admissible where the goods were procured and installed during the period when the unit was clearing final products on duty payment. The later shift to an area-based exemption did not invalidate credit that had already been validly earned, because entitlement is tested at the stage of taking and using the credit. Applying the settled principle from an earlier coordinate decision, the Tribunal held that the subsequent exemption could not defeat the pre-existing credit. The demand and penalty therefore could not survive. Case-Laws Central Excise Mon, 18 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350873