2014 (3) TMI 707

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....GEMENT Per: Ashok Jindal: The short issue involved in the matter is that whether the appellant is required to reverse the input credit availed by them for manufacturing of excisable goods which became exempted later-on. 2. The Revenue was of the view that as the final product has become exempted therefore, the appellants are not entitled to take input credit which has gone into the manufa....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... as per Rule 6(1) of the CENVAT Credit Rules, 2004, the appellants are not entitled to take input credit on the inputs gone into manufacture of exempted final product. Therefore, they are required to reverse the CENVAT credit taken by them. 4. Heard both sides and considered the submissions. 5. In the light of Gokaldas Intimate Wear (supra) the issue is no more res integra. As in the said ca....