https://www.taxtmi.com/caselaws?id=338101 Reversal of Cenvat credit relatable to common inputs used in exempted unbranded tanks was treated as sufficient compliance with the condition for Small Scale Exemption under Notification No. 8/2003-CE. The assessee had taken credit on duty-paid granules used for both dutiable and exempt goods, but reversed the portion attributable to the exempt tanks, which neutralised the bar on availing credit for exemption purposes. The accepted practice in later periods also supported this treatment. On that basis, the exemption remained available and the proposed demand and penalty could not survive. en-us Wed, 21 Sep 2016 00:00:00 +0530 Wed, 25 Jan 2017 08:06:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=338101 Reversal of Cenvat credit relatable to common inputs used in exempted unbranded tanks was treated as sufficient compliance with the condition for Small Scale Exemption under Notification No. 8/2003-CE. The assessee had taken credit on duty-paid granules used for both dutiable and exempt goods, but reversed the portion attributable to the exempt tanks, which neutralised the bar on availing credit for exemption purposes. The accepted practice in later periods also supported this treatment. On that basis, the exemption remained available and the proposed demand and penalty could not survive. Case-Laws Central Excise Wed, 21 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=338101