Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2016 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2016 (11) TMI 628 - CESTAT CHANDIGARHReversal of CENVAT credit - area based exemption under N/N. 50/2003-CE dated 10.6.2003 - whether the inputs lying in stock on the date on which exemption Notification No. 50/2003-CE dated 10.6.2003 exempted final product, the appellant is required to reverse the credit lying in their stock or not? - Held that: - reliance placed on the decision of the case HMT Versus COMMISSIONER OF CENTRAL EXCISE, PANCHKULA [2008 (10) TMI 54 - CESTAT, NEW DELHI] where it was held that when the input-credit legally taken and utilised on the dutiable final products, need not be reversed on the final product becoming exempt subsequently unless specific provision exist therefor At the time opting area based exemption of Notification No.50/2003-CE dated 10.6.2003, the appellants are not required to reversed the credit in their cenvat credit account lying unutilized - appeal allowed - decided in favor of appellant.
|