https://www.taxtmi.com/caselaws?id=124635 The Tribunal found that the appellants demonstrated substantial compliance with Rule 6(2) of Cenvat Credit Rules by not taking credit for inputs used in exempted products. Despite the lack of separate accounts for common inputs, the appellants maintained records and reversed credits for inputs going into exempted goods. The Tribunal emphasized that as long as credit is not claimed for inputs in exempted products, the chosen method of compliance is acceptable. Consequently, the Tribunal unconditionally granted the stay petition, recognizing the appellants' efforts to adhere to the rules without a specific procedure mandated by the Board. en-us Thu, 31 Jul 2008 00:00:00 +0530 Wed, 03 Oct 2012 16:27:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=124635 The Tribunal found that the appellants demonstrated substantial compliance with Rule 6(2) of Cenvat Credit Rules by not taking credit for inputs used in exempted products. Despite the lack of separate accounts for common inputs, the appellants maintained records and reversed credits for inputs going into exempted goods. The Tribunal emphasized that as long as credit is not claimed for inputs in exempted products, the chosen method of compliance is acceptable. Consequently, the Tribunal unconditionally granted the stay petition, recognizing the appellants' efforts to adhere to the rules without a specific procedure mandated by the Board. Case-Laws Central Excise Thu, 31 Jul 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=124635