https://www.taxtmi.com/caselaws?id=272158 Proportionate reversal of Cenvat credit attributable to electricity cleared to outside parties was treated as sufficient compliance with Rule 6 of the Cenvat Credit Rules. The Tribunal noted that once the assessee had debited the credit linked to the wheeled-out electricity before the show cause notice, no undue benefit remained and recovery of 8% or 10% of the value of such electricity was unwarranted. The principle applied was that credit is not admissible for inputs attributable to electricity wheeled out, but reversal of the attributable credit cures the objection. On that basis, the Revenue's claim for additional payment failed. en-us Thu, 14 Jan 2016 00:00:00 +0530 Mon, 29 Feb 2016 01:07:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272158 Proportionate reversal of Cenvat credit attributable to electricity cleared to outside parties was treated as sufficient compliance with Rule 6 of the Cenvat Credit Rules. The Tribunal noted that once the assessee had debited the credit linked to the wheeled-out electricity before the show cause notice, no undue benefit remained and recovery of 8% or 10% of the value of such electricity was unwarranted. The principle applied was that credit is not admissible for inputs attributable to electricity wheeled out, but reversal of the attributable credit cures the objection. On that basis, the Revenue's claim for additional payment failed. Case-Laws Central Excise Thu, 14 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272158