https://www.taxtmi.com/caselaws?id=780463 Reversal of Cenvat credit already taken under the Cenvat Credit Rules, 2004 is treated in law as non-availment of credit for the purpose of Notification No. 30/2004-CE, so exemption cannot be denied merely because credit was initially availed and later reversed. Separate maintenance of accounts was not treated as a condition precedent in the manner urged by the revenue, because the legal effect of reversal neutralised the earlier availment. On that basis, the exemption was held available to the assessee and the revenue's objection failed. en-us Wed, 08 Oct 2025 00:00:00 +0530 Fri, 31 Oct 2025 08:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780463 Reversal of Cenvat credit already taken under the Cenvat Credit Rules, 2004 is treated in law as non-availment of credit for the purpose of Notification No. 30/2004-CE, so exemption cannot be denied merely because credit was initially availed and later reversed. Separate maintenance of accounts was not treated as a condition precedent in the manner urged by the revenue, because the legal effect of reversal neutralised the earlier availment. On that basis, the exemption was held available to the assessee and the revenue's objection failed. Case-Laws Central Excise Wed, 08 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780463