https://www.taxtmi.com/caselaws?id=378621 Cenvat credit on inputs used in textile clearances was allowable where the exemption and concessional notifications were read together and the assessee complied with the condition of non-availment of credit. The circulars accepted proportionate credit at month-end for concessional clearances, and reversal before utilisation for exempt clearances was treated as substantial compliance. Where the assessee reversed the attributable credit, supported the working with a Chartered Accountant certificate and return entries, denial of credit merely because the credit mechanism changed over time or because the certificate was rejected without valid reasons was unjustified. The credit claim was therefore upheld and the demand could not be sustained. en-us Wed, 05 Dec 2018 00:00:00 +0530 Fri, 19 Apr 2019 06:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378621 Cenvat credit on inputs used in textile clearances was allowable where the exemption and concessional notifications were read together and the assessee complied with the condition of non-availment of credit. The circulars accepted proportionate credit at month-end for concessional clearances, and reversal before utilisation for exempt clearances was treated as substantial compliance. Where the assessee reversed the attributable credit, supported the working with a Chartered Accountant certificate and return entries, denial of credit merely because the credit mechanism changed over time or because the certificate was rejected without valid reasons was unjustified. The credit claim was therefore upheld and the demand could not be sustained. Case-Laws Central Excise Wed, 05 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378621