https://www.taxtmi.com/caselaws?id=34835 A conditional exemption notification required the goods to be manufactured from specified fabrics on which no Cenvat credit had been taken. Breach of that condition was treated as a ground for denial of the exemption, not for demanding reversal of credit already availed. The text also notes that export of goods under bond supported the assessee's case because the transaction could be revenue neutral, as the duty element on inputs would be refundable. The additional argument on the manufacturing process did not affect the result, and the credit-reversal demand was held unsustainable. en-us Tue, 17 Mar 2009 00:00:00 +0530 Wed, 04 Nov 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=34835 A conditional exemption notification required the goods to be manufactured from specified fabrics on which no Cenvat credit had been taken. Breach of that condition was treated as a ground for denial of the exemption, not for demanding reversal of credit already availed. The text also notes that export of goods under bond supported the assessee's case because the transaction could be revenue neutral, as the duty element on inputs would be refundable. The additional argument on the manufacturing process did not affect the result, and the credit-reversal demand was held unsustainable. Case-Laws Central Excise Tue, 17 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=34835