Home Case Index All Cases Central Excise Central Excise + AT Central Excise - 2018 (5) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2018 (5) TMI 1404 - AT - Central ExciseCENVAT credit - reversal of proportionate credit of the common input services availed during the year before the issuance of the SCN - Held that: - the appellant has reversed the proportionate credit relating to common input services availed by them before the issuance of the show-cause notice on being pointed out by the audit and it amounts to as if he has not availed CENVAT Credit. Hon'ble High Court of Karnataka in the case of Himalaya Drug Co. [2011 (2) TMI 1165 - KARNATAKA HIGH COURT] held that the provisions of Rule 6(3)(i) of the CCR would not be attracted if reversal of credit is done in respect of inputs used in the manufacture of exempted final products. Appeal allowed - decided in favor of appellant.
|