https://www.taxtmi.com/caselaws?id=325620 The Tribunal allowed the appellants, manufacturers of excisable goods, to avail Cenvat credit and reverse proportionate credit for exempted goods under Rule 6(3)(ii) of the Cenvat Credit Rules. The Tribunal set aside the order-in-original and remanded the matter to calculate the reversal amount and interest payable. It emphasized that the revenue cannot impose a specific option under Rule 6(3) on the appellant and that the appellant's willingness to pay interest on reversed amounts is significant in decision-making. en-us Thu, 04 Feb 2016 00:00:00 +0530 Wed, 02 Nov 2016 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325620 The Tribunal allowed the appellants, manufacturers of excisable goods, to avail Cenvat credit and reverse proportionate credit for exempted goods under Rule 6(3)(ii) of the Cenvat Credit Rules. The Tribunal set aside the order-in-original and remanded the matter to calculate the reversal amount and interest payable. It emphasized that the revenue cannot impose a specific option under Rule 6(3) on the appellant and that the appellant's willingness to pay interest on reversed amounts is significant in decision-making. Case-Laws Central Excise Thu, 04 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325620