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2017 (1) TMI 1076 - AT - Central ExciseCENVAT credit - common input services attributable to the exempted goods - whether the reversal of proportionate credit on the input services used in the manufacture of exempted goods would be sufficient compliance as per the retrospective amendment to Rule 6 of CCR, 2004 by Section 73 of the Finance Act? Held that: - after the amendment to Section 73 of Finance Act, 2010 by which Rule 6 was amended retrospectively and as per the amended Rule, if an assessee reverses the proportionate credit in respect of input services used in relation to the manufacture of exempted goods, then it would be a full compliance of the said provision - the impugned order is not sustainable in law as the appellant has reversed the CENVAT credit by following the procedure as prescribed in Rule 6 of CCR - demand set aside - appeal allowed - decided in favor of appellant.
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