2012 (3) TMI 182

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..... n-Original No.01/Commr./2011, Dt.25.01.2011.   2. Heard both sides and perused the records.   3. The issue involved in this case is regarding the reversal of CENVAT Credit attributable to the inputs used in the exempted goods and/or payment of 8% or 10% of the value of the exempted goods cleared by the appellant from their factory. The period involved in this case is from 01.03.2004 to .....

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..... to 31.01.2009, CENVAT attributable to the inputs used in exempted goods comes to Rs.11,81,141/-. We find from the record that the adjudicating authority has not considered all these aspects in proper perspective and had confirmed the demand without considering the debits made by the assessee as per the statement given by ld.Counsel before him and before us. We are of the view that the issue needs .....

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