https://www.taxtmi.com/caselaws?id=788309 Reversal of CENVAT credit before its utilisation is treated as equivalent to non-availment of credit for purposes of exemption under Notification No. 30/2004-C.E., so the exemption could not be denied merely because credit had initially been taken. A later circular issued in light of the Supreme Court ruling prevailed over an earlier contrary clarification, and the revisional authority's reliance on the older circular alone was unsustainable. The revisional order was set aside and the assessee's appellate relief restored. en-us Thu, 12 Feb 2026 00:00:00 +0530 Fri, 20 Mar 2026 08:35:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788309 Reversal of CENVAT credit before its utilisation is treated as equivalent to non-availment of credit for purposes of exemption under Notification No. 30/2004-C.E., so the exemption could not be denied merely because credit had initially been taken. A later circular issued in light of the Supreme Court ruling prevailed over an earlier contrary clarification, and the revisional authority's reliance on the older circular alone was unsustainable. The revisional order was set aside and the assessee's appellate relief restored. Case-Laws Central Excise Thu, 12 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788309