https://www.taxtmi.com/caselaws?id=339795 The appeal by the department against the order setting aside demand interest and penalty imposed on the respondent for not maintaining separate accounts for inputs used in manufacturing dutiable and exempted goods was dismissed. The Member (Judicial) held that since the respondent had reversed the credit related to inputs used in manufacturing exempted products, they were not liable to pay 8% or 10% of the value of clearances of exempted goods. The department's argument based on Rule 6(2) of CENVAT Credit Rules, 2004 was not accepted, and the appeal was found to be devoid of merit. en-us Mon, 06 Feb 2017 00:00:00 +0530 Tue, 07 Mar 2017 10:18:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339795 The appeal by the department against the order setting aside demand interest and penalty imposed on the respondent for not maintaining separate accounts for inputs used in manufacturing dutiable and exempted goods was dismissed. The Member (Judicial) held that since the respondent had reversed the credit related to inputs used in manufacturing exempted products, they were not liable to pay 8% or 10% of the value of clearances of exempted goods. The department's argument based on Rule 6(2) of CENVAT Credit Rules, 2004 was not accepted, and the appeal was found to be devoid of merit. Case-Laws Central Excise Mon, 06 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339795