https://www.taxtmi.com/circulars?id=546 Allowance of CENVAT credit is barred where a manufacturer fails to maintain separate accounts or comply with the prescribed alternative mechanism; rule 6(1) disallows credit on inputs used for exempted goods and precludes the subsequent taking-and-reversing of credit if the conditions are not met. The Board will further examine recovery under the alternative compliance route for earlier periods and will communicate its decision. en-us Thu, 28 Aug 2003 00:00:00 +0530 Wed, 24 Sep 2008 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=546 Allowance of CENVAT credit is barred where a manufacturer fails to maintain separate accounts or comply with the prescribed alternative mechanism; rule 6(1) disallows credit on inputs used for exempted goods and precludes the subsequent taking-and-reversing of credit if the conditions are not met. The Board will further examine recovery under the alternative compliance route for earlier periods and will communicate its decision. Circulars Central Excise Thu, 28 Aug 2003 00:00:00 +0530 https://www.taxtmi.com/circulars?id=546