https://www.taxtmi.com/caselaws?id=183793 Where credit taken on common inputs used in exempted clearances is fully reversed before the exempt goods are cleared, the basis for treating the credit as subsisting does not survive, and a further demand of 8% of the value of exempted goods under Rule 6 of the Cenvat Credit Rules, 2001 is not attracted. The Andhra Pradesh High Court also noted that an earlier decision had applied the settled principle that reversal of credit before clearance neutralises the credit availed on inputs used for exempt goods. The departmental appeal therefore failed, and the Tribunal's view was left undisturbed. en-us Wed, 12 Mar 2014 00:00:00 +0530 Sat, 05 Nov 2016 15:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183793 Where credit taken on common inputs used in exempted clearances is fully reversed before the exempt goods are cleared, the basis for treating the credit as subsisting does not survive, and a further demand of 8% of the value of exempted goods under Rule 6 of the Cenvat Credit Rules, 2001 is not attracted. The Andhra Pradesh High Court also noted that an earlier decision had applied the settled principle that reversal of credit before clearance neutralises the credit availed on inputs used for exempt goods. The departmental appeal therefore failed, and the Tribunal's view was left undisturbed. Case-Laws Central Excise Wed, 12 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183793