https://www.taxtmi.com/caselaws?id=152766 Rule 57CC was treated as inapplicable to clearances made under bond through the warehousing procedure, because such goods were not cleared as exempted goods by the manufacturer and the duty liability arose on further clearance by the recipient. Proportionate reversal of credit on common inputs was accepted as sufficient compliance for the disputed clearances. The analysis also applied the settled principle that reversal of credit amounts to non-availment of credit, and the demand was held unsustainable on that basis. en-us Tue, 17 Mar 2009 00:00:00 +0530 Wed, 10 Jul 2013 15:22:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=152766 Rule 57CC was treated as inapplicable to clearances made under bond through the warehousing procedure, because such goods were not cleared as exempted goods by the manufacturer and the duty liability arose on further clearance by the recipient. Proportionate reversal of credit on common inputs was accepted as sufficient compliance for the disputed clearances. The analysis also applied the settled principle that reversal of credit amounts to non-availment of credit, and the demand was held unsustainable on that basis. Case-Laws Central Excise Tue, 17 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=152766