https://www.taxtmi.com/caselaws?id=241831 The Tribunal held that the applicants, manufacturers providing taxable services, were required to reverse 5% value of exempted goods under Rule 6(3)(i) of CENVAT Credit Rules, 2004. Despite following Rule 6(3A) for exempted services, they were directed to pay the demanded amount of Rs. 11,56,09,971 as per the revenue's interpretation. The Tribunal ruled that the applicants' choice to pay under Rule 6(3)(i) precluded them from separately opting for Rule 6(3A). They were instructed to deposit Rs. 2,50,00,000 to stay the balance amount of duty, interest, and penalty during the appeal process. en-us Mon, 18 Nov 2013 00:00:00 +0530 Thu, 02 Jan 2014 08:15:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241831 The Tribunal held that the applicants, manufacturers providing taxable services, were required to reverse 5% value of exempted goods under Rule 6(3)(i) of CENVAT Credit Rules, 2004. Despite following Rule 6(3A) for exempted services, they were directed to pay the demanded amount of Rs. 11,56,09,971 as per the revenue's interpretation. The Tribunal ruled that the applicants' choice to pay under Rule 6(3)(i) precluded them from separately opting for Rule 6(3A). They were instructed to deposit Rs. 2,50,00,000 to stay the balance amount of duty, interest, and penalty during the appeal process. Case-Laws Central Excise Mon, 18 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241831