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2016 (3) TMI 855 - AT - Service TaxDemand of Service tax at the rate of 6%/8% of the value of exempted goods - Rule 6(3)(i) of Cenvat Credit Rules, 2004 - Held that:- the appellant reversed the entire credit on the common input service along with interest following the option available under Rule 6(3)(ii) of the Cenvat Credit Rules. As per Sub-Rule (3A) of Rule 6(3), the Cenvat Credit required to be reversed is as per the formula prescribed. Here, as the appellant have reversed the entire credit availed on common input service, the demand of 6%/8% of the value of exempted goods is not sustainable. Also, on reversal of Cenvat Credit attributed to the exempted services along with interest, the demand is not sustainable. - Decided in favour of appellant with consequential relief
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