TMI Blog2016 (8) TMI 1244X X X X Extracts X X X X X X X X Extracts X X X X ..... of Finance Act, 2010 and the assessee was allowed to reverse the proportionate credit on inputs attributable to exempted products - credit allowed - appeal allowed - decided in favor of assessee. - Appeal No.E/1053/2008 - Order No. A/10775/2016 - Dated:- 29-8-2016 - Hon ble Dr. D.M. Misra, Member (Judicial) For Respondent: Shri L. Patra, A.R. JUDGEMENT Per: Dr. D.M. Misra No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... applicable during the said period amounting to ₹ 5,84,773/- with proposal for imposition of penalty. The demand was confirmed by the Adjudicating Authority. Aggrieved by the said order, the Appellant preferred an appeal before the learned Commissioner (Appeals), who in turn, rejected their appeal. Hence, the present appeal. 4. The appellant in their grounds of appeal has categorically cla ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s attributable to exempted products. 5. In the circumstances, in view of retrospective amendment, where under reversal of proportionate credit on the inputs attributable to exempted goods had been allowed, accordingly, the impugned order cannot be sustained. Consequently, the order of the Ld. Commissioner (Appeals) is set aside and the appeal is allowed with consequential relief, if any, as per ..... X X X X Extracts X X X X X X X X Extracts X X X X
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