and i believe that is the ONLY time you can cast it, correct?
since after combat damage its no longer a blocked creature?
509.1h An attacking creature with one or more creatures declared as blockers for it becomes a blocked creature; one with no creatures declared as blockers for it becomes an unblocked creature. This remains unchanged until the creature is removed from combat, an effect says that it becomes blocked or unblocked, or the combat phase ends, whichever comes first. A creature remains blocked even if all the creatures blocking it are removed from combat.
While it is certainly the most common time to cast smite, it is not the only time.
Tax evasion is nothing but legitimate self-defense against the theft that is tax collection.