https://www.taxtmi.com/caselaws?id=77391 Newsprint in reels was treated as covered by Heading 48.01 and, on that basis, within Rule 6(3)(a)(v) of the Cenvat Credit Rules, 2004. The Tribunal accepted that newsprints in reels and rolls were synonymous in dictionary usage and ISI standards, so the Department's distinction was rejected. As a result, only reversal of attributable credit was required and the residual 8%/10% payment under Rule 6(3)(b) was not applicable, making the demand and penalty unsustainable. en-us Thu, 03 Dec 2009 00:00:00 +0530 Sat, 11 Sep 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77391 Newsprint in reels was treated as covered by Heading 48.01 and, on that basis, within Rule 6(3)(a)(v) of the Cenvat Credit Rules, 2004. The Tribunal accepted that newsprints in reels and rolls were synonymous in dictionary usage and ISI standards, so the Department's distinction was rejected. As a result, only reversal of attributable credit was required and the residual 8%/10% payment under Rule 6(3)(b) was not applicable, making the demand and penalty unsustainable. Case-Laws Central Excise Thu, 03 Dec 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77391