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2019 (1) TMI 1578

..... e 6 of CCR 2004, under section 73 of Finance Act, 2010 where it was stated that reversal of the credit attributable to the inputs used in the exempted goods is sufficient - HELD THAT:- The said retrospective amendment would apply in the case in hand as there is no dispute that the appellant had reversed proportionate amount of CENVAT Credit on the inputs which were utilised for the exempted goods .....

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..... peal is directed against Order-in-Appeal No. 30/2009 (HIII) CE, dated 31.07.2009. 2. Heard both sides and perused the records. 3. The issue involved in this case is regarding the demand of an amount equivalent to 10% of the value of the exempted goods cleared during the period March 2003 to July 2007. During the relevant period, appellant had availed CENVAT Credit of common inputs which are used f .....

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..... sel produces that the law is now fairly settled by retrospective amendment to Rule 6 of CCR 2004, under section 73 of Finance Act, 2010, the Central Government has stated its position that in respect of availment of CENVAT credit on common inputs which are used for dutiable and exempted goods, reversal of the credit attributable to the inputs used in the exempted goods is sufficient. The said retr .....

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..... sed by the lower authorities. We are not able to accept the prayer of Ld. Counsel for the simple question and on a specific query from the Bench as to whether the appellant had discharged the interest on 28.04.2008, Ld. Counsel was unable to categorically state that interest was paid. In the absence of discharge of interest on the specified date, we find that appellant is not entitled for any reli .....

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