https://www.taxtmi.com/caselaws?id=4093 Where common inputs are used for both dutiable and exempted products, Rule 6 of the Cenvat Credit Rules, 2001 permits reversal on the basis of the ascertainable value of the exempted product as cleared, rather than restricting computation to the value of the captively used end product. The Bombay High Court accepted that the assessee had reversed credit at clearance by paying 8% on the sale value of rectified spirit, found no requirement for a separate inventory in the circumstances, and rejected the department's narrower reading of Rule 6 and Rule 57AD. No further reversal was required and the departmental appeal failed. en-us Mon, 09 Apr 2007 00:00:00 +0530 Tue, 20 May 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=4093 Where common inputs are used for both dutiable and exempted products, Rule 6 of the Cenvat Credit Rules, 2001 permits reversal on the basis of the ascertainable value of the exempted product as cleared, rather than restricting computation to the value of the captively used end product. The Bombay High Court accepted that the assessee had reversed credit at clearance by paying 8% on the sale value of rectified spirit, found no requirement for a separate inventory in the circumstances, and rejected the department's narrower reading of Rule 6 and Rule 57AD. No further reversal was required and the departmental appeal failed. Case-Laws Central Excise Mon, 09 Apr 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=4093