https://www.taxtmi.com/caselaws?id=218805 Reversal of proportionate Cenvat credit attributable to common inputs used in exempted goods was treated as sufficient compliance under Rule 6 of the Cenvat Credit Rules, 2002, where the assessee manufactured both dutiable and exempted goods. The retrospective amendment by the Finance Act, 2010 was understood to recognise such proportionate reversal, and the demand for an amount equal to 8%/10% of the value of exempted clearances was unsustainable on that basis. The impugned demand was therefore set aside, with consequential relief to the assessee. en-us Fri, 20 Jan 2012 00:00:00 +0530 Wed, 26 Sep 2012 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218805 Reversal of proportionate Cenvat credit attributable to common inputs used in exempted goods was treated as sufficient compliance under Rule 6 of the Cenvat Credit Rules, 2002, where the assessee manufactured both dutiable and exempted goods. The retrospective amendment by the Finance Act, 2010 was understood to recognise such proportionate reversal, and the demand for an amount equal to 8%/10% of the value of exempted clearances was unsustainable on that basis. The impugned demand was therefore set aside, with consequential relief to the assessee. Case-Laws Central Excise Fri, 20 Jan 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218805