https://www.taxtmi.com/caselaws?id=342865 The Tribunal held that the 8% or 10% payment under Rule 6(3)(b) of the Cenvat Credit Rules, 2004 is not a duty or tax and therefore cannot be deducted from the price of exempted goods. The Tribunal clarified that the reversal amount is an option extended and exercised by the assessee, not a compulsory exaction of money for public purposes. The reference was answered accordingly, directing the matter to be disposed of by the regular Bench. en-us Mon, 10 Apr 2017 00:00:00 +0530 Mon, 06 Nov 2017 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=342865 The Tribunal held that the 8% or 10% payment under Rule 6(3)(b) of the Cenvat Credit Rules, 2004 is not a duty or tax and therefore cannot be deducted from the price of exempted goods. The Tribunal clarified that the reversal amount is an option extended and exercised by the assessee, not a compulsory exaction of money for public purposes. The reference was answered accordingly, directing the matter to be disposed of by the regular Bench. Case-Laws Central Excise Mon, 10 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=342865