https://www.taxtmi.com/caselaws?id=364402 The appeal was allowed in both cases as the denial of Cenvat Credit at the time of opting for exemption under Notification No. 04/2006-CE was found unjustified due to the conditional nature of the exemption. The Revenue's interpretation of Rule 11(3) of Cenvat Credit Rules, 2004 was rejected, and the demand was set aside. Additionally, the extended period of limitation for issuing show cause notices was deemed inapplicable, leading to the setting aside of the impugned orders. The judgment emphasized adherence to statutory provisions and timely action in legal proceedings. en-us Tue, 24 Jul 2018 00:00:00 +0530 Sun, 29 Jul 2018 12:23:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=364402 The appeal was allowed in both cases as the denial of Cenvat Credit at the time of opting for exemption under Notification No. 04/2006-CE was found unjustified due to the conditional nature of the exemption. The Revenue's interpretation of Rule 11(3) of Cenvat Credit Rules, 2004 was rejected, and the demand was set aside. Additionally, the extended period of limitation for issuing show cause notices was deemed inapplicable, leading to the setting aside of the impugned orders. The judgment emphasized adherence to statutory provisions and timely action in legal proceedings. Case-Laws Central Excise Tue, 24 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=364402