https://www.taxtmi.com/caselaws?id=246430 The statutory scheme for reversal of credit attributable to exempted goods required filing of a declaration, verification by the Commissioner, and a call for any differential amount if the reversal was short. A declaration could not be rejected straightaway without following that procedure or giving a reasonable opportunity of hearing, so the rejection was unsustainable. The demand under Rule 6(3)(b) could also not be finally upheld where the verification report showed a lower reversible amount and the sum already reversed had to be adjusted against the liability. The impugned demand and rejection were set aside and the matter was remanded for fresh adjudication. en-us Thu, 12 Apr 2012 00:00:00 +0530 Thu, 10 Jul 2014 10:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246430 The statutory scheme for reversal of credit attributable to exempted goods required filing of a declaration, verification by the Commissioner, and a call for any differential amount if the reversal was short. A declaration could not be rejected straightaway without following that procedure or giving a reasonable opportunity of hearing, so the rejection was unsustainable. The demand under Rule 6(3)(b) could also not be finally upheld where the verification report showed a lower reversible amount and the sum already reversed had to be adjusted against the liability. The impugned demand and rejection were set aside and the matter was remanded for fresh adjudication. Case-Laws Central Excise Thu, 12 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246430