https://www.taxtmi.com/caselaws?id=363464 CENVAT credit remaining in balance on opting for a value-based SSI exemption lapses under Rule 11(2), and credit on common inputs used for exempt clearances cannot be retained where the exemption condition requires non-availment of credit on such inputs; on merits, the credit was therefore inadmissible. Recovery was nevertheless held time-barred because the opening balance, SSI exemption position, and related clearances were disclosed in monthly returns, putting the department on notice. The result was that, although the credit failed on merits, the demand could not be sustained due to limitation. en-us Fri, 25 May 2018 00:00:00 +0530 Fri, 13 Jul 2018 06:12:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363464 CENVAT credit remaining in balance on opting for a value-based SSI exemption lapses under Rule 11(2), and credit on common inputs used for exempt clearances cannot be retained where the exemption condition requires non-availment of credit on such inputs; on merits, the credit was therefore inadmissible. Recovery was nevertheless held time-barred because the opening balance, SSI exemption position, and related clearances were disclosed in monthly returns, putting the department on notice. The result was that, although the credit failed on merits, the demand could not be sustained due to limitation. Case-Laws Central Excise Fri, 25 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363464