https://www.taxtmi.com/caselaws?id=210817 The Tribunal found in favor of the appellants, stating that they had complied with the required procedures for reversing the proportionate credit on inputs and input services for the exempted product. The demand for 10% of the value of the exempted goods was deemed unwarranted, and the appellants were granted a stay on the collection of dues pending the appeal. The Tribunal did not address the imposition of a penalty under Section 11AC, focusing solely on the compliance issue. en-us Tue, 10 Jan 2012 00:00:00 +0530 Wed, 22 Feb 2012 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210817 The Tribunal found in favor of the appellants, stating that they had complied with the required procedures for reversing the proportionate credit on inputs and input services for the exempted product. The demand for 10% of the value of the exempted goods was deemed unwarranted, and the appellants were granted a stay on the collection of dues pending the appeal. The Tribunal did not address the imposition of a penalty under Section 11AC, focusing solely on the compliance issue. Case-Laws Central Excise Tue, 10 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210817