https://www.taxtmi.com/caselaws?id=221276 Rule 6(3)(iii) of the Cenvat Credit Rules was read as permitting the stated mode of credit availment without requiring separate accounts for both inputs and input services. The text did not impose the restriction applied by the adjudicating authority, so denial of the benefit on that basis was unsustainable. The rule also did not require filing a declaration or exercising a formal option to claim its benefit, and any contrary assumption was incorrect. The impugned order was set aside and the matter remanded for fresh decision in light of the assessee's claim under the sub-rule. en-us Tue, 05 Feb 2013 00:00:00 +0530 Mon, 04 Mar 2013 11:52:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221276 Rule 6(3)(iii) of the Cenvat Credit Rules was read as permitting the stated mode of credit availment without requiring separate accounts for both inputs and input services. The text did not impose the restriction applied by the adjudicating authority, so denial of the benefit on that basis was unsustainable. The rule also did not require filing a declaration or exercising a formal option to claim its benefit, and any contrary assumption was incorrect. The impugned order was set aside and the matter remanded for fresh decision in light of the assessee's claim under the sub-rule. Case-Laws Central Excise Tue, 05 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221276