https://www.taxtmi.com/caselaws?id=189249 Rule 6(3) of the Cenvat Credit Rules permits alternative modes of compliance for exempted goods, but Explanation 1 makes the chosen option binding for the financial year. An assessee that voluntarily reversed Cenvat credit on a proportionate basis could not later withdraw that option mid-year and claim refund on the footing that it should instead have paid 5%/10% of the value of exempted goods under the other available mode. The cited precedent was treated as factually distinct. The refund claim was therefore held inadmissible, and the rejection of refund was sustained. en-us Wed, 09 Mar 2016 00:00:00 +0530 Sat, 11 Feb 2017 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=189249 Rule 6(3) of the Cenvat Credit Rules permits alternative modes of compliance for exempted goods, but Explanation 1 makes the chosen option binding for the financial year. An assessee that voluntarily reversed Cenvat credit on a proportionate basis could not later withdraw that option mid-year and claim refund on the footing that it should instead have paid 5%/10% of the value of exempted goods under the other available mode. The cited precedent was treated as factually distinct. The refund claim was therefore held inadmissible, and the rejection of refund was sustained. Case-Laws Central Excise Wed, 09 Mar 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=189249