https://www.taxtmi.com/caselaws?id=330200 A retrospective statutory mechanism under Section 69 of the Finance Act, 2010 read with Rule 57CCC was treated as covering pending disputes on reversal of credit relating to inputs used in exempted and dutiable goods, where proportionate credit had already been reversed in the manner contemplated by the amended provision. The rejection of the claim for want of complete verification from old records was found unsustainable because the Chartered Accountant's certificate and the reversal figures were already reflected in the revenue record. Limited verification of arithmetic accuracy and interest remained necessary, with refund consequences to follow that exercise. en-us Mon, 09 May 2016 00:00:00 +0530 Tue, 19 Jul 2016 12:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330200 A retrospective statutory mechanism under Section 69 of the Finance Act, 2010 read with Rule 57CCC was treated as covering pending disputes on reversal of credit relating to inputs used in exempted and dutiable goods, where proportionate credit had already been reversed in the manner contemplated by the amended provision. The rejection of the claim for want of complete verification from old records was found unsustainable because the Chartered Accountant's certificate and the reversal figures were already reflected in the revenue record. Limited verification of arithmetic accuracy and interest remained necessary, with refund consequences to follow that exercise. Case-Laws Central Excise Mon, 09 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330200