https://www.taxtmi.com/caselaws?id=221556 Where a manufacturer used common inputs for both dutiable and exempted goods and failed to maintain separate accounts, Rule 57CC required payment of a presumptive amount equal to 8% of the price of the exempted final products cleared from the factory. The Court accepted that the relevant exempted goods were the pumps themselves, not merely the captively consumed castings, and held that the absence of segregated inventory and input accounts attracted the rule. The Tribunal's contrary view was rejected for want of proper factual analysis, and the Revenue's appeal was allowed. en-us Wed, 06 Mar 2013 00:00:00 +0530 Sat, 02 Nov 2013 10:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221556 Where a manufacturer used common inputs for both dutiable and exempted goods and failed to maintain separate accounts, Rule 57CC required payment of a presumptive amount equal to 8% of the price of the exempted final products cleared from the factory. The Court accepted that the relevant exempted goods were the pumps themselves, not merely the captively consumed castings, and held that the absence of segregated inventory and input accounts attracted the rule. The Tribunal's contrary view was rejected for want of proper factual analysis, and the Revenue's appeal was allowed. Case-Laws Central Excise Wed, 06 Mar 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221556