TMI Blog2017 (6) TMI 627X X X X Extracts X X X X X X X X Extracts X X X X ..... ntention of the assessee is that some part of the demand barred by limitation is acceptable. In that circumstances, the demand pertaining the period beyond limitation is set aside. Whether the ld. Commissioner (A) is rightly extended the benefit of reversal of cenvat credit on the inputs used in manufacture of exempted final goods or not? - Held that: - the Finance Act, 2010 has given the optio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xempted final goods. The exempted final goods have been cleared by the assessee to their other unit for R D purpose, as the assessee was not maintaining separate account for input/input services used in manufacture of final exempted goods, therefore, the assessee was required to pay 10% of the total price of exempted goods during the period April 2003 to February 2008, therefore, a show cause no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... both the appeals are being taken up together for final disposal. 3. None appeared on behalf of the assessee, the request for adjournment has been received from the assessee that the Counsel is an out of station, therefore, the matter be adjourned. 4. On perusal of the records, I find that the matter was listed for hearing for several times since October 2016 and on all the occasions, e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of exempted final goods or not? I find that the Finance Act, 2010 has given the option to assessee to reverse the cenvat credit attributable to inputs used for manufacture of exempted final goods, therefore, the ld. Commissioner (A) is rightly extended the benefit of reversal of cenvat credit on inputs used for manufacture of exempted final goods. In that circumstances, the appeal filed by the Rev ..... X X X X Extracts X X X X X X X X Extracts X X X X
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