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Central Excise - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Reversal of Cenvat Credit - Admittedly, in this case exemption ...

Central Excise

September 24, 2018

Reversal of Cenvat Credit - Admittedly, in this case exemption is not absolute. In that circumstances, the provisions of Rule 11 (3) (2) are not applicable to the facts of this case, therefore, the Cenvat credit lying unutilized on 01.04.2006 shall not lapse and same can be utilized by the appellant latter on.

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