https://www.taxtmi.com/caselaws?id=356638 The Tribunal allowed the appeal challenging the disallowance of CENVAT credit for a pharmaceutical products manufacturer under the 100% Export Oriented Unit scheme. The Tribunal clarified that there is no time limit for availing CENVAT credit on inputs in stock upon conversion. The appellant's eligibility for CENVAT credit was upheld, emphasizing that export-oriented units are excluded from certain restrictions on credit availment. Rule 6(6) of the CENVAT Credit Rules specifically exempts export-oriented units from such restrictions, ensuring their entitlement to CENVAT credit. Consequently, the disallowance of CENVAT credit and penalties were overturned, and the appeal was successful. en-us Mon, 19 Feb 2018 00:00:00 +0530 Fri, 09 Mar 2018 06:49:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=356638 The Tribunal allowed the appeal challenging the disallowance of CENVAT credit for a pharmaceutical products manufacturer under the 100% Export Oriented Unit scheme. The Tribunal clarified that there is no time limit for availing CENVAT credit on inputs in stock upon conversion. The appellant's eligibility for CENVAT credit was upheld, emphasizing that export-oriented units are excluded from certain restrictions on credit availment. Rule 6(6) of the CENVAT Credit Rules specifically exempts export-oriented units from such restrictions, ensuring their entitlement to CENVAT credit. Consequently, the disallowance of CENVAT credit and penalties were overturned, and the appeal was successful. Case-Laws Central Excise Mon, 19 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=356638