Lapsing of Cenvat Credit Applies Only in case of Absolute Exemption Notifications

Suraj Industries Vs C.C.E & S.T. (CESTAT Ahmedabad)

Provision for lapsing of Cenvat credit on remaining balance shall apply only in case where exemption notification is absolute

Introduction: The case of Suraj Industries vs. C.C.E & S.T.-Silvassa, adjudicated by CESTAT Ahmedabad, is pivotal in understanding the legal nuances of Cenvat Credit lapse. This article provides an insightful legal analysis, unraveling the conditions, exemp

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