2011 (4) TMI 1310

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..... happens subsequently is immaterial. The court in Commissioner of Central Excise, Bangalore-II, Commissionerate Versus Tafe Ltd. (Tractor Division) [2011 (3) TMI 67 - KARNATAKA HIGH COURT] has held that Cenvat credit availed on inputs till the date of exemption vest in the assessee and the assessee cannot be divested of that credit as the law does not provide for the same. Appeal dismissed .....

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..... Kar.)] has held that Cenvat credit availed on inputs till the date of exemption vest in the assessee and the assessee cannot be divested of that credit as the law does not provide for the same. Therefore the authorities taking advantage of the notification exempting the final product cannot claim reversal of Cenvat credit either in respect of final product which have come into existence on the dat .....

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