https://www.taxtmi.com/caselaws?id=222025 The appellate tribunal upheld the lower authority's decision to demand recovery of an amount equivalent to 10% of the value of exempted goods, along with interest, due to the appellant's failure to maintain separate records for input services used in the production of exempted and dutiable goods. The appellant's plea for reversal of proportionate credit under a retrospective amendment was rejected as they did not adhere to the specified time limits. Penalties were set aside, but the demand for recovery of the specified amount was upheld, emphasizing compliance with statutory requirements. en-us Fri, 15 Jun 2012 00:00:00 +0530 Fri, 10 May 2013 17:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=222025 The appellate tribunal upheld the lower authority's decision to demand recovery of an amount equivalent to 10% of the value of exempted goods, along with interest, due to the appellant's failure to maintain separate records for input services used in the production of exempted and dutiable goods. The appellant's plea for reversal of proportionate credit under a retrospective amendment was rejected as they did not adhere to the specified time limits. Penalties were set aside, but the demand for recovery of the specified amount was upheld, emphasizing compliance with statutory requirements. Case-Laws Central Excise Fri, 15 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=222025