https://www.taxtmi.com/caselaws?id=241889 Reversal of Cenvat credit attributable to common inputs used in exempted final products was treated as sufficient to avoid liability under Rule 6(3)(b) of the Cenvat Credit Rules, 2002, even where separate records were not maintained. The analysis notes that the legal position was clarified by a retrospective amendment, under which payment linked to the value of exempted goods was not required once the relevant input credit had been reversed. On that basis, Rule 6(3)(b) was held inapplicable and the demand was not sustainable. en-us Thu, 25 Apr 2013 00:00:00 +0530 Wed, 24 Jul 2013 15:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=241889 Reversal of Cenvat credit attributable to common inputs used in exempted final products was treated as sufficient to avoid liability under Rule 6(3)(b) of the Cenvat Credit Rules, 2002, even where separate records were not maintained. The analysis notes that the legal position was clarified by a retrospective amendment, under which payment linked to the value of exempted goods was not required once the relevant input credit had been reversed. On that basis, Rule 6(3)(b) was held inapplicable and the demand was not sustainable. Case-Laws Central Excise Thu, 25 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=241889