https://www.taxtmi.com/caselaws?id=216758 The Tribunal dismissed the appeals, upholding the order confirming a demand and penalty against the appellants for not reversing credit on goods cleared without duty under Notification No. 33/05. The Tribunal ruled that the appellants failed to comply with Rule 6 of the Cenvat Credit Rules, 2004, by not reversing credit on inputs for exempted goods, thus negating their claim of exemption and the defense of bona fide belief. The appellants were deemed ineligible for the benefit of the amended Rule 6 and were required to pay the demanded penalty. en-us Tue, 19 Jul 2011 00:00:00 +0530 Thu, 06 Sep 2012 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216758 The Tribunal dismissed the appeals, upholding the order confirming a demand and penalty against the appellants for not reversing credit on goods cleared without duty under Notification No. 33/05. The Tribunal ruled that the appellants failed to comply with Rule 6 of the Cenvat Credit Rules, 2004, by not reversing credit on inputs for exempted goods, thus negating their claim of exemption and the defense of bona fide belief. The appellants were deemed ineligible for the benefit of the amended Rule 6 and were required to pay the demanded penalty. Case-Laws Central Excise Tue, 19 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216758