https://www.taxtmi.com/caselaws?id=219781 Retrospective amendment to Rule 6 of the Cenvat Credit Rules was applied in a dispute involving exempted clearances from pig iron manufacture and common input credit. The Revenue had sought 5%/10% of the value of exempted goods for alleged non-maintenance of separate records, but the applicants argued that the only common credit related to GTA service tax and that proportionate credit attributable to the disputed clearances was limited. The amended rule was treated as requiring proportionate reversal of credit relatable to exempted goods, and the applicants were directed to deposit Rs. 8,00,000. On that deposit, waiver of the balance pre-deposit was granted and recovery was stayed pending the appeal. en-us Tue, 12 Jun 2012 00:00:00 +0530 Tue, 29 Apr 2014 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=219781 Retrospective amendment to Rule 6 of the Cenvat Credit Rules was applied in a dispute involving exempted clearances from pig iron manufacture and common input credit. The Revenue had sought 5%/10% of the value of exempted goods for alleged non-maintenance of separate records, but the applicants argued that the only common credit related to GTA service tax and that proportionate credit attributable to the disputed clearances was limited. The amended rule was treated as requiring proportionate reversal of credit relatable to exempted goods, and the applicants were directed to deposit Rs. 8,00,000. On that deposit, waiver of the balance pre-deposit was granted and recovery was stayed pending the appeal. Case-Laws Central Excise Tue, 12 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=219781