2012 (8) TMI 828

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..... t the credit attributable to the exempted products is only Rs. 1,78,261/- which has been reversed periodically at the end of every month. We prima facie agree with the views of the learned advocate that in view of the option having been exercised under Rule 6(3A) of the CENVAT Credit Rules, 2004, the appellant should be extended the benefit of the Notification No. 67/95. Therefore, we hold that th .....

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..... , it has been held that Notification No. 67/95 is not applicable in respect of clearances of molasses and duty amounting to Rs. 3,47,23,712/- stands demanded along with interest and equal amount of penalty imposed. 3. Learned advocate for the appellant submits that they have exercised the option under Rule 6(3A) of the CENVAT Credit Rules in respect of exempted goods and accordingly reversed the .....

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..... ld that the appellants have exercised the option under Rule 6(3A) of the CENVAT Credit Rules. It is the case of the appellant that the credit attributable to the exempted products is only Rs. 1,78,261/- which has been reversed periodically at the end of every month. We prima facie agree with the views of the learned advocate that in view of the option having been exercised under Rule 6(3A) of the .....

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