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TMI Blog2012 (9) TMI 245X X X X Extracts X X X X X X X X Extracts X X X X ..... id by them on those inputs when these final products were chargeable to excise duty - As there was no one to one relationship of the inputs used and the final products manufactured and cleared from the factory the credit of duty paid on inputs cannot be confined to a particular raw-material to which the credit is related and out of which a final product is manufactured. Hence denied recovery of Ce ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... without payment of duty since the appellant opted for exemption from that date. Revenue was of the belief that Cenvat credit having been allowed in the past on the input used in manufacture of the finished goods and work in progress and part of such input remained in finished goods and work in progress in stock on 31.3.2007, that should be recovered since the output from that were opted to be exe ..... X X X X Extracts X X X X X X X X Extracts X X X X
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