https://www.taxtmi.com/caselaws?id=358918 Cenvat credit on inputs and finished goods remaining in stock as on 31.03.2006 was held reversible where the assessee had earlier operated under SSI exemption and later resumed dutiable clearances. The Court accepted that credit attributable to stock lying on the relevant date, including inputs contained in finished goods, had to be reversed under the Cenvat Credit Rules when the exemption regime no longer applied. Relying on the earlier precedent followed by the Tribunal, the demand for reversal and recovery was upheld as consistent with the central excise framework. en-us Thu, 12 Apr 2018 00:00:00 +0530 Fri, 14 Sep 2018 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358918 Cenvat credit on inputs and finished goods remaining in stock as on 31.03.2006 was held reversible where the assessee had earlier operated under SSI exemption and later resumed dutiable clearances. The Court accepted that credit attributable to stock lying on the relevant date, including inputs contained in finished goods, had to be reversed under the Cenvat Credit Rules when the exemption regime no longer applied. Relying on the earlier precedent followed by the Tribunal, the demand for reversal and recovery was upheld as consistent with the central excise framework. Case-Laws Central Excise Thu, 12 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358918