https://www.taxtmi.com/caselaws?id=210857 The High Court dismissed the revenue's appeal challenging the Tribunal's decision on the need for reversal of 8% of the sale value of exempted products. The Court held that the retrospective amendment to Rule 6 of the Cenvat Credit Rules covered the case, relieving the assessee from the obligation to pay excess duty or penalties. As a result, the appeal was resolved in favor of the assessee due to the retrospective effect of the amendment, leading to the dismissal of the revenue's appeal. en-us Fri, 01 Apr 2011 00:00:00 +0530 Wed, 30 May 2012 12:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210857 The High Court dismissed the revenue's appeal challenging the Tribunal's decision on the need for reversal of 8% of the sale value of exempted products. The Court held that the retrospective amendment to Rule 6 of the Cenvat Credit Rules covered the case, relieving the assessee from the obligation to pay excess duty or penalties. As a result, the appeal was resolved in favor of the assessee due to the retrospective effect of the amendment, leading to the dismissal of the revenue's appeal. Case-Laws Central Excise Fri, 01 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210857