https://www.taxtmi.com/caselaws?id=2676 Where an assessee does not take Cenvat credit on inputs used in exempted goods and maintains separate accounts for credit-bearing and non-credit-bearing inputs, a Rule 6 demand of 8% or 10% of exempted clearances is not attracted. Separate physical storage is not required if the governing condition of separate accounting is satisfied. On that basis, the connected interest and penalty were also unsustainable and the demand was set aside. en-us Tue, 07 Aug 2007 00:00:00 +0530 Wed, 16 Apr 2008 09:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=2676 Where an assessee does not take Cenvat credit on inputs used in exempted goods and maintains separate accounts for credit-bearing and non-credit-bearing inputs, a Rule 6 demand of 8% or 10% of exempted clearances is not attracted. Separate physical storage is not required if the governing condition of separate accounting is satisfied. On that basis, the connected interest and penalty were also unsustainable and the demand was set aside. Case-Laws Customs Tue, 07 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=2676