https://www.taxtmi.com/caselaws?id=202715 The tribunal ruled in the case involving Colgate Palmolive India Ltd. that the appellant must either reverse proportionate input service credit or pay 10% of the value of exempted final products due to failure to maintain separate accounts for dutiable and exempted goods as per Rule 6 of the CENVAT Credit Rules, 2004. The judgment emphasized compliance with tax credit rules and clarified the consequences of not maintaining separate accounts for input services in cases where manufacturers deal with both dutiable and exempted goods. The case was remanded for requantification of inadmissible credit, with a directive for payment within 30 days. en-us Thu, 03 Feb 2011 00:00:00 +0530 Mon, 02 Apr 2012 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202715 The tribunal ruled in the case involving Colgate Palmolive India Ltd. that the appellant must either reverse proportionate input service credit or pay 10% of the value of exempted final products due to failure to maintain separate accounts for dutiable and exempted goods as per Rule 6 of the CENVAT Credit Rules, 2004. The judgment emphasized compliance with tax credit rules and clarified the consequences of not maintaining separate accounts for input services in cases where manufacturers deal with both dutiable and exempted goods. The case was remanded for requantification of inadmissible credit, with a directive for payment within 30 days. Case-Laws Service Tax Thu, 03 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202715