2012 (11) TMI 957

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..... which have been cleared under exemption from excise duty. - As decided by Court in case of [COMMISSIONER OF C. EX., CHANDIGARH Versus SABOO ALLOYS PVT. LTD. 2009 (12) TMI 125 - HIGH COURT OF HIMACHAL PRADESH] even though the final product may be exempt from payment of excise, the assessee cannot be asked to reverse the Cenvat credit already taken by him - Decided in favour of Assessee. - CEA N .....

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..... . The short question which arises for decision is whether a manufacturer who has obtained credit of central value added tax paid by him in respect of the raw material and inputs lying in the stock or in the process or contained in the final product lying in stock is required to refund/repay the credit when the final product is exempted from excise duty. 3. We have heard Mr. Rajiv Jiwan, learned .....

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