https://www.taxtmi.com/caselaws?id=269747 Cenvat credit for a textile processor cannot be denied merely because separate accounts for inputs used in dutiable and exempt clearances were not maintained, where credit was availed only on the duty attributable to dutiable clearances and exempt-output credit was foregone on a pro rata basis. The analysis treats the Board circular for the textile sector as binding on the Revenue and states that maintaining records of production, clearances and duty-paying documents was sufficient for compliance. On that basis, the denial and recovery of credit were found unjustified and the assessee was held entitled to the credit claimed. en-us Fri, 04 Dec 2015 00:00:00 +0530 Sat, 03 Sep 2016 16:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269747 Cenvat credit for a textile processor cannot be denied merely because separate accounts for inputs used in dutiable and exempt clearances were not maintained, where credit was availed only on the duty attributable to dutiable clearances and exempt-output credit was foregone on a pro rata basis. The analysis treats the Board circular for the textile sector as binding on the Revenue and states that maintaining records of production, clearances and duty-paying documents was sufficient for compliance. On that basis, the denial and recovery of credit were found unjustified and the assessee was held entitled to the credit claimed. Case-Laws Central Excise Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269747