TMI Blog2020 (3) TMI 81X X X X Extracts X X X X X X X X Extracts X X X X ..... AHMEDABAD-II VERSUS MAIZE PRODUCTS [ 2008 (8) TMI 365 - HIGH COURT OF GUJARAT AT AHMEDABAD] where it was held that In the facts and circumstances of the case, it is apparent that the entire controversy has been decided by the Tribunal by merely remitting the matter back to the Adjudicating Authority to re-determine the credit in accordance with law. If any reversal has been made by the respondent ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... antial question of law in its Memorandum of Appeal. The question formulated reads thus: 5(i) Whether subsequent reversal of credit, attributable to inputs used in the provision of exempted goods, with interest is sufficient to discharge the demand of amount @ 8% or 10% of the value of exempted goods if the assessee fails to maintained separate account as required under Rule 6(2) of the CCR or ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o maintain separate accounts regarding inputs used for manufacturing of dutiable products and inputs used for manufacturing of exempted products. However, sub-rule (3) stipulates that, in a case where the manufacturer opts not to maintain separate accounts, the manufacturer shall follow either condition (a) or condition (b), as the case may be. Under the Rule, Explanation-I provides that the amoun ..... X X X X Extracts X X X X X X X X Extracts X X X X
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