https://www.taxtmi.com/caselaws?id=279262 A manufacturer opting for full duty exemption is required to reverse or pay Cenvat credit only to the extent attributable to inputs lying in stock, in process, or contained in finished goods on the date of opting for exemption, and the obligation under Rule 9(2) of the Cenvat Credit Rules, 2002, or its corresponding Rule 11(2) in the 2004 Rules, applies where unutilised credit exists. Where the admitted Cenvat credit balance is nil on the relevant date, the rule is not triggered. No amount was therefore required to be reversed or paid. en-us Fri, 07 Oct 2016 00:00:00 +0530 Mon, 11 Mar 2019 06:17:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279262 A manufacturer opting for full duty exemption is required to reverse or pay Cenvat credit only to the extent attributable to inputs lying in stock, in process, or contained in finished goods on the date of opting for exemption, and the obligation under Rule 9(2) of the Cenvat Credit Rules, 2002, or its corresponding Rule 11(2) in the 2004 Rules, applies where unutilised credit exists. Where the admitted Cenvat credit balance is nil on the relevant date, the rule is not triggered. No amount was therefore required to be reversed or paid. Case-Laws Central Excise Fri, 07 Oct 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279262