https://www.taxtmi.com/caselaws?id=54193 Full reversal of CENVAT credit on inputs removes the bar in Notification No. 30/2004-C.E. that denies exemption where input duty credit has been taken. The text notes that, once the assessee proved complete reversal of the credit already availed, the exemption could be validly opted for under the Board's clarification permitting reversal in lieu of credit. On that basis, the denial of the notification benefit was unsustainable and the assessee remained entitled to exemption. en-us Fri, 23 Sep 2005 00:00:00 +0530 Mon, 18 Oct 2010 15:09:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=54193 Full reversal of CENVAT credit on inputs removes the bar in Notification No. 30/2004-C.E. that denies exemption where input duty credit has been taken. The text notes that, once the assessee proved complete reversal of the credit already availed, the exemption could be validly opted for under the Board's clarification permitting reversal in lieu of credit. On that basis, the denial of the notification benefit was unsustainable and the assessee remained entitled to exemption. Case-Laws Central Excise Fri, 23 Sep 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=54193