https://www.taxtmi.com/caselaws?id=765028 CESTAT Chennai ruled in favor of appellant regarding CENVAT credit reversal on input services used for manufacturing exempted goods. The tribunal relied on precedent from SIVARAJ SPINNING MILLS case involving similar facts where cotton yarn was cleared under different notifications. Court held that goods exported under bond are exempt from CENVAT credit reversal and credit can be availed on input services used in manufacturing such goods. The department's contention requiring credit reversal was deemed contrary to law. Appeal allowed and impugned order set aside. en-us Thu, 23 Jan 2025 00:00:00 +0530 Fri, 24 Jan 2025 08:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=765028 CESTAT Chennai ruled in favor of appellant regarding CENVAT credit reversal on input services used for manufacturing exempted goods. The tribunal relied on precedent from SIVARAJ SPINNING MILLS case involving similar facts where cotton yarn was cleared under different notifications. Court held that goods exported under bond are exempt from CENVAT credit reversal and credit can be availed on input services used in manufacturing such goods. The department's contention requiring credit reversal was deemed contrary to law. Appeal allowed and impugned order set aside. Case-Laws Central Excise Thu, 23 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=765028