https://www.taxtmi.com/forum/issue?id=2724 Cenvat credit on inputs used to produce both dutiable and exempted goods may be addressed either by keeping separate accounts and reversing the attributable credit for exempted outputs or by availing the alternative prescribed payment mechanism under the Cenvat Credit Rules; a production-ratio expungement formula was contested by audit and the assessee has opted to discharge duty under the payment option to resolve the dispute. en-us Wed, 02 Feb 2011 08:47:20 +0530 Thu, 23 Jan 2025 15:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2724 Cenvat credit on inputs used to produce both dutiable and exempted goods may be addressed either by keeping separate accounts and reversing the attributable credit for exempted outputs or by availing the alternative prescribed payment mechanism under the Cenvat Credit Rules; a production-ratio expungement formula was contested by audit and the assessee has opted to discharge duty under the payment option to resolve the dispute. Discussion-Forum Central Excise Wed, 02 Feb 2011 08:47:20 +0530 https://www.taxtmi.com/forum/issue?id=2724