https://www.taxtmi.com/caselaws?id=203596 Reversal of proportionate CENVAT credit attributable to exempted goods, together with payment of interest under the Finance Act, 2010, removed the foundation for a duty demand under Rule 57CC of the Central Excise Rules, 1944. The demand had been confirmed because separate records were not maintained for inputs used in dutiable and exempted final products, but once the proportionate credit was reversed and interest paid, the basis for sustaining the demand no longer survived. The demand was therefore held not sustainable and was set aside. en-us Tue, 03 May 2011 00:00:00 +0530 Mon, 06 Jun 2011 17:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203596 Reversal of proportionate CENVAT credit attributable to exempted goods, together with payment of interest under the Finance Act, 2010, removed the foundation for a duty demand under Rule 57CC of the Central Excise Rules, 1944. The demand had been confirmed because separate records were not maintained for inputs used in dutiable and exempted final products, but once the proportionate credit was reversed and interest paid, the basis for sustaining the demand no longer survived. The demand was therefore held not sustainable and was set aside. Case-Laws Central Excise Tue, 03 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203596