https://www.taxtmi.com/caselaws?id=331279 The Tribunal remanded the case to ascertain and allow the reversal of proportionate credit on inputs used in the manufacture of exempted products due to a retrospective amendment. The penalty imposed on the director was deemed unsustainable as there was no evidence of personal involvement in the alleged wrong credit availment. The confirmation and appropriation of CENVAT Credit amount were found incorrect, directing reassessment by the Adjudicating authority. The Tribunal emphasized compliance with CENVAT Credit rules and the impact of retrospective amendments on credit availment, providing detailed analysis and directions for further proceedings. en-us Wed, 10 Aug 2016 00:00:00 +0530 Thu, 18 Aug 2016 08:22:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331279 The Tribunal remanded the case to ascertain and allow the reversal of proportionate credit on inputs used in the manufacture of exempted products due to a retrospective amendment. The penalty imposed on the director was deemed unsustainable as there was no evidence of personal involvement in the alleged wrong credit availment. The confirmation and appropriation of CENVAT Credit amount were found incorrect, directing reassessment by the Adjudicating authority. The Tribunal emphasized compliance with CENVAT Credit rules and the impact of retrospective amendments on credit availment, providing detailed analysis and directions for further proceedings. Case-Laws Central Excise Wed, 10 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331279