https://www.taxtmi.com/forum/issue?id=1102 Where a manufacturer fails to maintain separate accounts for cenvat credit and clears goods exempted by notification, the discussion concludes that because such exemptions are optional the manufacturer may elect to pay the applicable excise duty on clearance of those goods rather than apply the cenvat credit reversal provision that prescribes a deemed payment based on the value of exempted goods. en-us Fri, 17 Apr 2009 09:50:52 +0530 Thu, 23 Jan 2025 15:58:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=1102 Where a manufacturer fails to maintain separate accounts for cenvat credit and clears goods exempted by notification, the discussion concludes that because such exemptions are optional the manufacturer may elect to pay the applicable excise duty on clearance of those goods rather than apply the cenvat credit reversal provision that prescribes a deemed payment based on the value of exempted goods. Discussion-Forum Central Excise Fri, 17 Apr 2009 09:50:52 +0530 https://www.taxtmi.com/forum/issue?id=1102