Bar of Cenvat credit lapse not applies to conditional exemption – Rule 11(3)

Ruia Rayon Pvt Ltd. Vs C.C.E & S.T. (CESTAT Ahmedabad)

No credit balance lapse under rule 11(3) as it applies only on absolute exemption notification and not on conditional one

Conclusion: While in terms of strict provision of Rule 11(3) of Cenvat Credit Rules, 2004, the bar of lapsing of credit was applicable only when the assesse

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