https://www.taxtmi.com/forum/issue?id=106896 Proportionate reversal of cenvat credit under sub rule 3A of Rule 6 requires determining the credit attributable to inputs used for exempt goods. The debate is whether to apportion reversal by quantity of products or by value/turnover; input services contain a clear value based formula, and where the Rule bases calculations on value of final products and inputs, a taxpayer should not adopt a quantity basis solely because it is advantageous. en-us Wed, 11 Jun 2014 14:15:28 +0530 Thu, 23 Jan 2025 15:57:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=106896 Proportionate reversal of cenvat credit under sub rule 3A of Rule 6 requires determining the credit attributable to inputs used for exempt goods. The debate is whether to apportion reversal by quantity of products or by value/turnover; input services contain a clear value based formula, and where the Rule bases calculations on value of final products and inputs, a taxpayer should not adopt a quantity basis solely because it is advantageous. Discussion-Forum Central Excise Wed, 11 Jun 2014 14:15:28 +0530 https://www.taxtmi.com/forum/issue?id=106896