https://www.taxtmi.com/caselaws?id=245957 Common Cenvat credit used for both dutiable and exempted final products, without separate accounts or inventory, remained recoverable with interest under the retrospective recovery mechanism introduced by the Finance Act, 2005. However, penalty could not be sustained for the pre-amendment period merely on that basis, because the recovery provision operated retrospectively rather than creating an earlier penal liability. The separate penalty for clearance of dutiable goods without payment of duty, which was admitted, was sustained. en-us Thu, 07 Jun 2012 00:00:00 +0530 Sat, 12 Apr 2014 14:50:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245957 Common Cenvat credit used for both dutiable and exempted final products, without separate accounts or inventory, remained recoverable with interest under the retrospective recovery mechanism introduced by the Finance Act, 2005. However, penalty could not be sustained for the pre-amendment period merely on that basis, because the recovery provision operated retrospectively rather than creating an earlier penal liability. The separate penalty for clearance of dutiable goods without payment of duty, which was admitted, was sustained. Case-Laws Central Excise Thu, 07 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245957