2017 (8) TMI 827

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..... of credit in respect of inputs used in exempted final products? - Held that: - the question of law raised is covered by the Division Bench Judgment of this Court rendered in Tractor and Farm Equipment Ltd. Vs. Commissioner of Central Excise, Madurai-II [2014 (12) TMI 905 - MADRAS HIGH COURT], where it was held that If credit can be taken against excise duty on a final product manufactured on the .....

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..... ing that credit once validly taken need not be reversed if the final products becomes exempted subsequently in view of the Rule 6(1) of CCR, 2002 which mandates reversal of credit in respect of inputs used in exempted final products 3. Even according to Mr. Srinivas, the learned counsel appearing for the Revenue, the question of law raised is covered by the Division Bench Judgment of this Co .....

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