https://www.taxtmi.com/caselaws?id=250271 Where common inputs were used for both dutiable and exempted final products, proportionate reversal of CENVAT credit attributable to exempted clearances was treated as sufficient compliance. The Tribunal found that separate accounts had been maintained for inputs used exclusively in exempt goods, and that reversal had been made for the common inputs used across both categories. On that basis, the demand to pay 8% of the value of the exempted goods was held unsustainable, the issue being covered by the cited precedent and the retrospective amendment referred to in that precedent. en-us Fri, 27 Jun 2014 00:00:00 +0530 Thu, 07 Aug 2014 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250271 Where common inputs were used for both dutiable and exempted final products, proportionate reversal of CENVAT credit attributable to exempted clearances was treated as sufficient compliance. The Tribunal found that separate accounts had been maintained for inputs used exclusively in exempt goods, and that reversal had been made for the common inputs used across both categories. On that basis, the demand to pay 8% of the value of the exempted goods was held unsustainable, the issue being covered by the cited precedent and the retrospective amendment referred to in that precedent. Case-Laws Central Excise Fri, 27 Jun 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250271