https://www.taxtmi.com/caselaws?id=183382 Rule 6 of the CENVAT Credit Rules, 2002 restricts credit on inputs used in exempted goods and requires separate accounts for dutiable and exempted output. Where separate accounts are not maintained, Rule 6(3) prescribes payment, including an amount based on the sale price for specified exempted goods. Reversal of input credit before clearance was considered not to be an express substitute for that statutory payment, while the Chandrapur Magnet Wires ruling was distinguished as arising under a different statutory framework. Conflicting Tribunal views on whether such reversal displaces Rule 6(3)(b) warranted reference of the issue to a Larger Bench rather than a final merits determination. en-us Thu, 03 Apr 2008 00:00:00 +0530 Fri, 08 Sep 2017 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183382 Rule 6 of the CENVAT Credit Rules, 2002 restricts credit on inputs used in exempted goods and requires separate accounts for dutiable and exempted output. Where separate accounts are not maintained, Rule 6(3) prescribes payment, including an amount based on the sale price for specified exempted goods. Reversal of input credit before clearance was considered not to be an express substitute for that statutory payment, while the Chandrapur Magnet Wires ruling was distinguished as arising under a different statutory framework. Conflicting Tribunal views on whether such reversal displaces Rule 6(3)(b) warranted reference of the issue to a Larger Bench rather than a final merits determination. Case-Laws Central Excise Thu, 03 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183382