https://www.taxtmi.com/caselaws?id=325165 Unutilized CENVAT credit on the date of opting for the compounded levy scheme generally lapses, but credit attributable to inputs used for non-notified goods may be retained only if the assessee can establish the exact quantum with certainty. Where common records were maintained for notified and non-notified goods and no separate accounts or reliable segregation of credit were produced, the assessee failed to show how much of the disputed credit related to non-notified goods. In the absence of such segregation, the claim for retention and utilisation of the credit could not be accepted, and the disallowance was upheld. en-us Tue, 16 Feb 2016 00:00:00 +0530 Sat, 12 Mar 2016 09:12:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325165 Unutilized CENVAT credit on the date of opting for the compounded levy scheme generally lapses, but credit attributable to inputs used for non-notified goods may be retained only if the assessee can establish the exact quantum with certainty. Where common records were maintained for notified and non-notified goods and no separate accounts or reliable segregation of credit were produced, the assessee failed to show how much of the disputed credit related to non-notified goods. In the absence of such segregation, the claim for retention and utilisation of the credit could not be accepted, and the disallowance was upheld. Case-Laws Central Excise Tue, 16 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325165