https://www.taxtmi.com/caselaws?id=357216 Cenvat credit on finished goods held in stock after an assessee crossed the SSI exemption threshold was required to be reversed under Rule 11(3) of the Cenvat Credit Rules, 2004. The stock on 31.03.2013 was found to have been manufactured from inputs procured over different periods, so it could not be treated as wholly covered by inputs bought during the duty-paid period. Credit attributable to inputs in stock as on 17.12.2012 had already been reversed under Rule 11(2), while credit embedded in later inputs used in the remaining stock was recoverable under Rule 11(3). The demand and interest were upheld. en-us Wed, 07 Feb 2018 00:00:00 +0530 Tue, 20 Mar 2018 08:44:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=357216 Cenvat credit on finished goods held in stock after an assessee crossed the SSI exemption threshold was required to be reversed under Rule 11(3) of the Cenvat Credit Rules, 2004. The stock on 31.03.2013 was found to have been manufactured from inputs procured over different periods, so it could not be treated as wholly covered by inputs bought during the duty-paid period. Credit attributable to inputs in stock as on 17.12.2012 had already been reversed under Rule 11(2), while credit embedded in later inputs used in the remaining stock was recoverable under Rule 11(3). The demand and interest were upheld. Case-Laws Central Excise Wed, 07 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=357216