https://www.taxtmi.com/caselaws?id=48511 Credit was admissible on inputs lying in stock on 1 April 2000 where those inputs were traceable to units operating under the Compounded Levy Scheme, and the Tribunal's view was upheld on that basis. The entitlement was supported by Board's Circular No. 522/2000 dated 31 March 2000, and the credit taken was not shown to be incorrect. On those facts, no legal infirmity was found in allowing the credit, and the Revenue's challenge failed. en-us Tue, 09 Sep 2008 00:00:00 +0530 Wed, 04 Aug 2010 18:34:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=48511 Credit was admissible on inputs lying in stock on 1 April 2000 where those inputs were traceable to units operating under the Compounded Levy Scheme, and the Tribunal's view was upheld on that basis. The entitlement was supported by Board's Circular No. 522/2000 dated 31 March 2000, and the credit taken was not shown to be incorrect. On those facts, no legal infirmity was found in allowing the credit, and the Revenue's challenge failed. Case-Laws Central Excise Tue, 09 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=48511