https://www.taxtmi.com/caselaws?id=764668 Rule 11(3)(ii) of the CENVAT Credit Rules, 2004 applies only where the final product is exempted absolutely under Section 5A of the Central Excise Act, 1944. Where the exemption notifications are conditional, validly earned CENVAT credit does not lapse merely because the assessee operates under an exemption scheme and clears goods on duty payment while carrying forward the balance credit. On that construction, credit remained available for utilisation against duty on exported goods, and the view that such credit had lapsed was unsustainable. en-us Wed, 18 Dec 2024 00:00:00 +0530 Wed, 15 Jan 2025 12:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764668 Rule 11(3)(ii) of the CENVAT Credit Rules, 2004 applies only where the final product is exempted absolutely under Section 5A of the Central Excise Act, 1944. Where the exemption notifications are conditional, validly earned CENVAT credit does not lapse merely because the assessee operates under an exemption scheme and clears goods on duty payment while carrying forward the balance credit. On that construction, credit remained available for utilisation against duty on exported goods, and the view that such credit had lapsed was unsustainable. Case-Laws Central Excise Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764668