https://www.taxtmi.com/caselaws?id=332367 The Tribunal allowed the appeals by the assessee and dismissed those by the Revenue in a case concerning the clearance of E-bikes and parts thereof. The judgment emphasized the importance of maintaining separate accounts for dutiable and exempted products to avoid lapsing of cenvat credit. While acknowledging the lapse of credit attributable to certain items, the Tribunal clarified that the entire credit would not lapse. The decision highlighted the necessity of complying with Cenvat Credit Rules and maintaining accurate records to determine duty liability and cenvat credit treatment effectively. en-us Fri, 22 Jul 2016 00:00:00 +0530 Thu, 05 Jan 2017 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332367 The Tribunal allowed the appeals by the assessee and dismissed those by the Revenue in a case concerning the clearance of E-bikes and parts thereof. The judgment emphasized the importance of maintaining separate accounts for dutiable and exempted products to avoid lapsing of cenvat credit. While acknowledging the lapse of credit attributable to certain items, the Tribunal clarified that the entire credit would not lapse. The decision highlighted the necessity of complying with Cenvat Credit Rules and maintaining accurate records to determine duty liability and cenvat credit treatment effectively. Case-Laws Central Excise Fri, 22 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332367