https://www.taxtmi.com/caselaws?id=248153 The Tribunal ruled in favor of the appellant, emphasizing compliance with Rule 6 of the CENVAT Credit Rules, 2004. The appellant's reversal of a significant portion of CENVAT Credit on common inputs was deemed sufficient, leading to the nullification of the demand for 8% or 10% of the value of exempted goods, along with associated interest and penalties. The Tribunal directed the appellant to reverse the outstanding amount within a specified timeframe for full compliance with the rule, ultimately setting aside the impugned order confirming the demand and penalties. en-us Mon, 07 Apr 2014 00:00:00 +0530 Tue, 03 Jun 2014 18:34:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248153 The Tribunal ruled in favor of the appellant, emphasizing compliance with Rule 6 of the CENVAT Credit Rules, 2004. The appellant's reversal of a significant portion of CENVAT Credit on common inputs was deemed sufficient, leading to the nullification of the demand for 8% or 10% of the value of exempted goods, along with associated interest and penalties. The Tribunal directed the appellant to reverse the outstanding amount within a specified timeframe for full compliance with the rule, ultimately setting aside the impugned order confirming the demand and penalties. Case-Laws Central Excise Mon, 07 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248153