https://www.taxtmi.com/caselaws?id=51582 Cenvat credit on inputs used to manufacture wholly exempt final products was held not allowable, even if the credit was originally taken when the product was dutiable, because the governing rules expressly barred credit for inputs used in exempted goods and permitted recovery of wrongly availed credit. The demand for reversal was treated as within limitation since the notice was issued within one year of such utilisation. Penalty was not imposed, as the facts did not justify it. The substantive recovery was sustained, while the penalty was set aside. en-us Thu, 28 Nov 2002 00:00:00 +0530 Thu, 25 Dec 2025 16:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=51582 Cenvat credit on inputs used to manufacture wholly exempt final products was held not allowable, even if the credit was originally taken when the product was dutiable, because the governing rules expressly barred credit for inputs used in exempted goods and permitted recovery of wrongly availed credit. The demand for reversal was treated as within limitation since the notice was issued within one year of such utilisation. Penalty was not imposed, as the facts did not justify it. The substantive recovery was sustained, while the penalty was set aside. Case-Laws Central Excise Thu, 28 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=51582