https://www.taxtmi.com/caselaws?id=444654 The Tribunal ruled in favor of the appellant, determining that the product 'Danazol' qualifies for the exemption under Sl. No. 47A of Notification No. 4/2006-CE, thus allowing unconditional exemption from duty. The Tribunal also addressed the reversibility of input credit, ruling that the appellant's reversal of CENVAT credit was valid. The department was instructed to verify the accuracy of the credit reversals. The decision highlights the importance of consistent tax assessments and clarifies the classification and exemption eligibility of 'Danazol' under the specified notification. en-us Thu, 19 Oct 2023 00:00:00 +0530 Fri, 20 Oct 2023 10:08:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444654 The Tribunal ruled in favor of the appellant, determining that the product 'Danazol' qualifies for the exemption under Sl. No. 47A of Notification No. 4/2006-CE, thus allowing unconditional exemption from duty. The Tribunal also addressed the reversibility of input credit, ruling that the appellant's reversal of CENVAT credit was valid. The department was instructed to verify the accuracy of the credit reversals. The decision highlights the importance of consistent tax assessments and clarifies the classification and exemption eligibility of 'Danazol' under the specified notification. Case-Laws Central Excise Thu, 19 Oct 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444654