https://www.taxtmi.com/caselaws?id=125203 Reversal of credit attributable to inputs used in exempted clearances neutralised the objection to availment of credit, so a further demand of 8% of the exempted value was not justified. On the facts, the assessee manufactured a single product that became exempt under a notification, and the credit relating to the inputs in those clearances had already been reversed. Rule 57CC was therefore not attracted merely because separate accounts were not maintained, and the demand was held unsustainable in favour of the assessee. en-us Tue, 07 Oct 2008 00:00:00 +0530 Sat, 20 Oct 2012 15:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125203 Reversal of credit attributable to inputs used in exempted clearances neutralised the objection to availment of credit, so a further demand of 8% of the exempted value was not justified. On the facts, the assessee manufactured a single product that became exempt under a notification, and the credit relating to the inputs in those clearances had already been reversed. Rule 57CC was therefore not attracted merely because separate accounts were not maintained, and the demand was held unsustainable in favour of the assessee. Case-Laws Central Excise Tue, 07 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125203