https://www.taxtmi.com/caselaws?id=335570 Goods cleared without payment of duty under a conditional Chapter X concessional-clearance procedure are not exempted goods in the absolute sense, because the product remains dutiable and the duty concession depends on compliance with prescribed conditions. Rule 6 of the CENVAT Credit Rules, 2004 applies only where the final product is exempted from the whole of duty or chargeable to nil rate of duty, so the separate-accounting and credit reversal requirements do not extend to such conditional clearances. The demand for reversal of credit or payment of 10% of the value of clearances was therefore not sustainable. en-us Mon, 26 Sep 2016 00:00:00 +0530 Mon, 05 Dec 2016 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335570 Goods cleared without payment of duty under a conditional Chapter X concessional-clearance procedure are not exempted goods in the absolute sense, because the product remains dutiable and the duty concession depends on compliance with prescribed conditions. Rule 6 of the CENVAT Credit Rules, 2004 applies only where the final product is exempted from the whole of duty or chargeable to nil rate of duty, so the separate-accounting and credit reversal requirements do not extend to such conditional clearances. The demand for reversal of credit or payment of 10% of the value of clearances was therefore not sustainable. Case-Laws Central Excise Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335570