2014 (3) TMI 707

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..... e exempted later-on, therefore the appellant is not required to reverse the credit and the provisions came into effect from 01.03.2007 are not applicable retrospectively - Following decision of CCE Bangalore vs. Gokaldas Intimate Wear - [2011 (4) TMI 1123 - KARNATAKA HIGH COURT] - Decided in favour of assessee. - Appeal No.E/377/07- Mum - - - Dated:- 23-12-2013 - Mr. Ashok Jindal, J. For .....

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..... hat as per Rule 11(3) of CENVAT Credit Rules, 2004 which came into effective from 01.03.2007 by Notification No. 10/2007 C.E., the appellant is not required to reverse the CENVAT Credit which was used for manufacturing of the final product which became exempted later-on. To support this contentions he placed reliance on CCE Bangalore vs. Gokaldas Intimate Wear - 2011 (270) ELT 351 (Kar.). The peri .....

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