https://www.taxtmi.com/caselaws?id=263319 Tractors became exempt from 9 July 2004, and the dispute concerned whether the assessee, after moving from Rule 6(3)(b) to separate accounts under Rule 6(2), still had to pay 8% of the value of exempted tractors for the intervening period. The record showed that the assessee later stopped taking credit on inputs used for exempted goods and reversed the credit relatable to inputs in stock, work in progress and finished goods. As there was no statutory bar to shifting to Rule 6(2) once the relevant credit was reversed, and the only objection was timing, the demand under Rule 6(3)(b) was held unsustainable. en-us Thu, 16 Jul 2015 00:00:00 +0530 Sat, 02 Jan 2016 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263319 Tractors became exempt from 9 July 2004, and the dispute concerned whether the assessee, after moving from Rule 6(3)(b) to separate accounts under Rule 6(2), still had to pay 8% of the value of exempted tractors for the intervening period. The record showed that the assessee later stopped taking credit on inputs used for exempted goods and reversed the credit relatable to inputs in stock, work in progress and finished goods. As there was no statutory bar to shifting to Rule 6(2) once the relevant credit was reversed, and the only objection was timing, the demand under Rule 6(3)(b) was held unsustainable. Case-Laws Central Excise Thu, 16 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263319