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2011 (4) TMI 1310 - HC - Central ExciseCENVAT credit - final product subsequently got exemption from tax - Held that: - if the assessee has paid the duty on inputs prior to the date of exemption he is entitled to the Cenvat credit once the inputs are received prior to the exemption. What 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 - decided against Revenue.
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