https://www.taxtmi.com/caselaws?id=125675 Where Cenvat credit attributable to inputs used in exempted clearances is reversed proportionately, Rule 6 does not require any further reversal of 8% of the sale value of the exempted goods. The Tribunal followed the Larger Bench view that such proportional reversal sufficiently protects the revenue, even where some clearances were made without duty under CT3 certificates. On that basis, the additional demand for 8% reversal was held unsustainable, and penalty under Rule 13 was also found unjustified because the credit reversal had already met the revenue's interest. en-us Mon, 03 Nov 2008 00:00:00 +0530 Mon, 29 Oct 2012 10:59:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=125675 Where Cenvat credit attributable to inputs used in exempted clearances is reversed proportionately, Rule 6 does not require any further reversal of 8% of the sale value of the exempted goods. The Tribunal followed the Larger Bench view that such proportional reversal sufficiently protects the revenue, even where some clearances were made without duty under CT3 certificates. On that basis, the additional demand for 8% reversal was held unsustainable, and penalty under Rule 13 was also found unjustified because the credit reversal had already met the revenue's interest. Case-Laws Central Excise Mon, 03 Nov 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=125675