Cenvat Credit Rules can’t curtail Assessee’s entitlement to avail credit of inputs lying in stock as on the date of crossing the exemption limit

M/s Sanwariya Tiles Pvt. Ltd. Vs CEC & CGST (CESTAT Delhi) Both the appeals are being disposed of by a common order as the issue involved in both of them is identical 2. As per facts on record, the appellants are engaged in the manufacture of marble slabs out of the imported marble slabs. During the period prior to February, 2015, they were availing the benefit of small scale exemption Notification. The exemption limit of value of clearances was crossed by them in February, 2015 and as such in terms of provisions of rule 3(2) of Cenvat Credit Rules, 2004, they became entitled to avail cenv...