CESTAT Bangalore Rules in Favor of Appellant on Reversal of Exempted Goods Value

The Appellate Tribunal CESTAT Bangalore allowed the appeal, ruling that the appellant is not required to reverse 10% of the value of exempted goods cleared to SEZ under Rule 6 of CENVAT Credit Rules. The decision was influenced by precedents from the Tribunal and the High Court of Chattisgarh.

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The Appellate Tribunal CESTAT Bangalore ruled on whether the appellant must reverse 10% of the value of exempted goods cleared to SEZ under Rule 6 of CENVAT Credit Rules. The decision was based on precedents from the Tribunal and the High Court of Chattisgarh, leading to the appeal being allowed with consequential relief if any to the appellant.

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