https://www.taxtmi.com/caselaws?id=266379 The Tribunal ruled in favor of the appellant, setting aside the confirmed duty demand with interest. The appellant's periodic reversal of proportionate cenvat credit for exempted final products was deemed compliant with Rule 6(3) of the Cenvat Credit Rules, 2004. The Tribunal held that no additional duty payment was necessary if the credit for exempted products was reversed appropriately, rejecting the argument that the appellant failed to maintain separate accounts for furnace oil. The appeal was allowed with consequential relief, overturning the Commissioner (Appeals)' decision on the duty payment issue. en-us Thu, 05 Feb 2015 00:00:00 +0530 Thu, 24 Aug 2017 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266379 The Tribunal ruled in favor of the appellant, setting aside the confirmed duty demand with interest. The appellant's periodic reversal of proportionate cenvat credit for exempted final products was deemed compliant with Rule 6(3) of the Cenvat Credit Rules, 2004. The Tribunal held that no additional duty payment was necessary if the credit for exempted products was reversed appropriately, rejecting the argument that the appellant failed to maintain separate accounts for furnace oil. The appeal was allowed with consequential relief, overturning the Commissioner (Appeals)' decision on the duty payment issue. Case-Laws Central Excise Thu, 05 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266379