https://www.taxtmi.com/caselaws?id=358722 Cenvat credit validly availed on inputs and already utilised for payment of duty was not required to be reversed merely because raw material was alleged to remain in the factory on closure and surrender of registration. The Tribunal reiterated that Cenvat credit does not require one-to-one correlation between inputs and final products, and credit may be utilised immediately on availment. As the Revenue produced no evidence that the raw material had actually been removed from the premises, the demand for reversal could not be sustained. en-us Thu, 05 Apr 2018 00:00:00 +0530 Fri, 14 Sep 2018 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358722 Cenvat credit validly availed on inputs and already utilised for payment of duty was not required to be reversed merely because raw material was alleged to remain in the factory on closure and surrender of registration. The Tribunal reiterated that Cenvat credit does not require one-to-one correlation between inputs and final products, and credit may be utilised immediately on availment. As the Revenue produced no evidence that the raw material had actually been removed from the premises, the demand for reversal could not be sustained. Case-Laws Central Excise Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358722