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2017 (4) TMI 154 - AT - Central ExciseReversal of CENVAT credit - common inputs used for manufacture of exempted as well as taxable goods, without maintenance of books of accounts - Held that: - since the appellant had reversed proportionate cenvat credit attributable to common inputs used for manufacture of dutiable as well as exempted goods, the same is in conformity with the above amended provisions of Rule 6(3A)(b) ibid. However, since the appellant has not determined and paid the cenvat credit on inputs used for manufacturer of exempted goods on monthly basis, in my opinion, it is liable to pay interest for late reversal on cenvat credit - the appellant is liable to pay interest at the prescribed rate on the amounts paid belatedly on proportionate basis towards inputs used in exempted goods - appeal allowed - decided partly in favor of appellant.
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