https://www.taxtmi.com/caselaws?id=359819 Delayed reversal of Cenvat credit after opting for exemption under Notification No. 8/2003-CE did not, by itself, defeat the exemption claim. The Tribunal treated the condition as satisfied once the credit lying in the Cenvat account was reversed, even though the reversal occurred after the effective date of opting for exemption. Relying on its earlier view in the assessee's own case for an earlier period, it held that the exemption could not be denied on this ground and the duty demand based on such denial could not survive. en-us Wed, 28 Mar 2018 00:00:00 +0530 Sat, 05 May 2018 08:40:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359819 Delayed reversal of Cenvat credit after opting for exemption under Notification No. 8/2003-CE did not, by itself, defeat the exemption claim. The Tribunal treated the condition as satisfied once the credit lying in the Cenvat account was reversed, even though the reversal occurred after the effective date of opting for exemption. Relying on its earlier view in the assessee's own case for an earlier period, it held that the exemption could not be denied on this ground and the duty demand based on such denial could not survive. Case-Laws Central Excise Wed, 28 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359819