2016 (12) TMI 78

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....for the appellant Shri V.M. Doiphode, Advocate for the respondent Per: Ramesh Nair: The issue involved in the present case is that, due to the excisable goods become exempted, the appellant reversed CENVAT credit contained in the finished goods in process and final product. Part of the credit was reversed from CENVAT credit account and partly from PLA. Subsequently the appellant realized that C....

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....submits that since the respondent availed exemption Notification No. 30/2004-CE dated 09/07/2004 which contained the condition that the Notification shall not apply to the goods in respect of which credit of duty on inputs has been taken under the provisions of the CENVAT Credit Rules 2002. Therefore, the CENVAT credit reversed by the respondent is in confirmation with the condition of Notificatio....

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....he relevant period, in the present case, there was no provision for reversal of credit in case the products become exempted. He submitted that the very same issue has been settled in the following judgments. i. Tractor and Farm Equipment Ltd v. Commissioner of Central Excise, Madurai - II 2015 (320) ELT 357 (Mad.) ii. Commissioner of Central Excise, Bangalore v. Tafe Ltd (Tractor Division) 2015 ....