https://www.taxtmi.com/caselaws?id=109863 Where credit taken on inputs used in exempted goods had already been reversed, and the identity and quantity of those inputs were not disputed, a demand of 8% of the value of the exempted goods was held unsustainable. The demand was set aside. On penalty, a rule violation was accepted but the surrounding circumstances justified interference, so the penalty was reduced from Rs. 10,000 to Rs. 5,000. The impugned orders were modified accordingly, granting the assessee full relief on demand and partial relief on penalty. en-us Wed, 21 May 2003 00:00:00 +0530 Thu, 12 Apr 2012 13:58:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=109863 Where credit taken on inputs used in exempted goods had already been reversed, and the identity and quantity of those inputs were not disputed, a demand of 8% of the value of the exempted goods was held unsustainable. The demand was set aside. On penalty, a rule violation was accepted but the surrounding circumstances justified interference, so the penalty was reduced from Rs. 10,000 to Rs. 5,000. The impugned orders were modified accordingly, granting the assessee full relief on demand and partial relief on penalty. Case-Laws Central Excise Wed, 21 May 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=109863