Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2011 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2011 (9) TMI 686 - AT - Central ExciseReversal of cenvat credit - Notification No. 144/89-C.E., dated 19-5-1989 - Rule 57A of the Central Excise Rules, 1944 - Once the credit has been validly taken and utilized, the question of its recovery does not arise when at a later point in time the goods became exempted - what is relevant is at the time of taking credit and utilization of the credit, whether the assessee was entitled for the same. Once the assessee is entitled, then the question of reversal of the same at a subsequent point of time does not arise at all - Decided in favor of the assessee
|