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2014 (3) TMI 1054 - HC - Central ExciseReversal of Cenvat Credit - common inputs - Whether Rule 6(3)(b) is mandatory where separate inventory was not maintained - Reversal of credit @8% as per the Rule 6(3)(b) or proportionate reversal of the credit - manufacturing of dutiable and exempted products - Held that:- where the credit taken has been reversed on inputs utilised in manufacturing of the final exempted product stand deleted in the account of the assessee, it cannot be said that the assessee has taken credit for the duty paid on the inputs utilised in the manufacture of the final product, which is exempted - No demand - decided against the revenue.
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