https://www.taxtmi.com/caselaws?id=266377 Denial of Cenvat credit, interest and penalty was held unsustainable where the assessee maintained separate records for exempted and dutiable clearances. The dispute centred on whether there was any proven failure to keep separate accounts for exempted and taxable goods. As the show cause notice and adjudication did not clearly establish the alleged lapse, and the factual assertion of separate record maintenance was not seriously disputed, the basis for reversal of credit and the consequential demand for interest and penalty was not made out. en-us Wed, 04 Feb 2015 00:00:00 +0530 Mon, 19 Oct 2015 20:37:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266377 Denial of Cenvat credit, interest and penalty was held unsustainable where the assessee maintained separate records for exempted and dutiable clearances. The dispute centred on whether there was any proven failure to keep separate accounts for exempted and taxable goods. As the show cause notice and adjudication did not clearly establish the alleged lapse, and the factual assertion of separate record maintenance was not seriously disputed, the basis for reversal of credit and the consequential demand for interest and penalty was not made out. Case-Laws Central Excise Wed, 04 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266377