https://www.taxtmi.com/caselaws?id=377195 The Tribunal held that the appellants were not required to reverse the Cenvat credit in their account for manufacturing exempted goods. The Tribunal found that as there was no provision for recovery of such credit at the time of availment and Rule 14 did not apply since the credit was not utilized wrongly. Citing High Court cases, it was determined that valid Cenvat credit should not be reversed due to subsequent exemption of final products. The impugned order was set aside, and the appeal was allowed in favor of the appellants with consequential relief. en-us Wed, 20 Mar 2019 00:00:00 +0530 Tue, 26 Mar 2019 06:36:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377195 The Tribunal held that the appellants were not required to reverse the Cenvat credit in their account for manufacturing exempted goods. The Tribunal found that as there was no provision for recovery of such credit at the time of availment and Rule 14 did not apply since the credit was not utilized wrongly. Citing High Court cases, it was determined that valid Cenvat credit should not be reversed due to subsequent exemption of final products. The impugned order was set aside, and the appeal was allowed in favor of the appellants with consequential relief. Case-Laws Central Excise Wed, 20 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377195