https://www.taxtmi.com/caselaws?id=191181 Where a manufacturer clears dutiable goods and also undertakes job-work clearances under Notification No. 214/86-CE, proportionate reversal of CENVAT credit attributable to inputs used in the exempted or nil-rated clearances is sufficient compliance. The dispute concerned whether Rule 57CC required payment of 8% of the price of such goods merely because separate records of common inputs were not maintained. The commentary notes that, in light of the retrospective amendment by the Finance Act, 2010, a fixed-percentage demand is not sustainable where the relevant credit has been proportionately reversed. On that basis, the assessee was held not liable to pay 8% under Rule 57CC. en-us Wed, 12 Jun 2013 00:00:00 +0530 Thu, 23 Mar 2017 16:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191181 Where a manufacturer clears dutiable goods and also undertakes job-work clearances under Notification No. 214/86-CE, proportionate reversal of CENVAT credit attributable to inputs used in the exempted or nil-rated clearances is sufficient compliance. The dispute concerned whether Rule 57CC required payment of 8% of the price of such goods merely because separate records of common inputs were not maintained. The commentary notes that, in light of the retrospective amendment by the Finance Act, 2010, a fixed-percentage demand is not sustainable where the relevant credit has been proportionately reversed. On that basis, the assessee was held not liable to pay 8% under Rule 57CC. Case-Laws Central Excise Wed, 12 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191181