https://www.taxtmi.com/caselaws?id=341248 Reversal of CENVAT credit attributable to exempted clearances was treated as equivalent to non-availment of credit, so exemption under Notification No. 30/2004-CE could not be denied merely because separate input accounts were not maintained. The settled position under Rule 6(3) of the CENVAT Credit Rules, 2004 supported the view that, once the credit relatable to exempted goods was neutralised, the separate-account requirement was not a condition precedent for the exemption. On that basis, denial of exemption was held unsustainable and the Revenue's challenge failed. en-us Mon, 27 Mar 2017 00:00:00 +0530 Fri, 14 Apr 2017 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341248 Reversal of CENVAT credit attributable to exempted clearances was treated as equivalent to non-availment of credit, so exemption under Notification No. 30/2004-CE could not be denied merely because separate input accounts were not maintained. The settled position under Rule 6(3) of the CENVAT Credit Rules, 2004 supported the view that, once the credit relatable to exempted goods was neutralised, the separate-account requirement was not a condition precedent for the exemption. On that basis, denial of exemption was held unsustainable and the Revenue's challenge failed. Case-Laws Central Excise Mon, 27 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341248