https://www.taxtmi.com/caselaws?id=120542 Cenvat credit on inputs received from a 100% Export Oriented Unit had to be computed under Rule 3(6)(a)(ii) of the Cenvat Credit Rules, 2001 as it stood during the relevant period, limiting credit to the additional duty of customs leviable on like goods under Section 3 of the Customs Tariff Act, 1975. The later amended formula based on fifty per cent of the specified value did not apply to the disputed period. On the facts, the credit taken did not exceed the admissible limit, so the demand for reversal and the penalty were unsustainable and the credit was rightly allowed. en-us Fri, 08 Dec 2006 00:00:00 +0530 Sat, 21 Jul 2012 11:21:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=120542 Cenvat credit on inputs received from a 100% Export Oriented Unit had to be computed under Rule 3(6)(a)(ii) of the Cenvat Credit Rules, 2001 as it stood during the relevant period, limiting credit to the additional duty of customs leviable on like goods under Section 3 of the Customs Tariff Act, 1975. The later amended formula based on fifty per cent of the specified value did not apply to the disputed period. On the facts, the credit taken did not exceed the admissible limit, so the demand for reversal and the penalty were unsustainable and the credit was rightly allowed. Case-Laws Central Excise Fri, 08 Dec 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=120542