https://www.taxtmi.com/caselaws?id=339731 A retrospective amendment to Rule 6 of the Cenvat Credit Rules, 2002, made under the rule-making power in Section 37 of the Central Excise Act, 1944, validated reversal of proportionate Cenvat credit for exempted clearances. On that basis, even where separate accounts were not maintained, the assessee could not be compelled to pay an amount computed at 10% of the sale value of exempted goods under Rule 6(3)(b). The Revenue's reliance on the earlier Tribunal view was not accepted, because the retrospective amendment cured the defect relied upon to sustain the demand. en-us Mon, 20 Feb 2017 00:00:00 +0530 Mon, 21 Aug 2017 16:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339731 A retrospective amendment to Rule 6 of the Cenvat Credit Rules, 2002, made under the rule-making power in Section 37 of the Central Excise Act, 1944, validated reversal of proportionate Cenvat credit for exempted clearances. On that basis, even where separate accounts were not maintained, the assessee could not be compelled to pay an amount computed at 10% of the sale value of exempted goods under Rule 6(3)(b). The Revenue's reliance on the earlier Tribunal view was not accepted, because the retrospective amendment cured the defect relied upon to sustain the demand. Case-Laws Central Excise Mon, 20 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339731