https://www.taxtmi.com/caselaws?id=196210 Subsequent reversal of proportionate Cenvat credit attributable to inputs and input services used in exempted final products was treated as curing the objection under Rule 6(3)(b) of the Cenvat Credit Rules. Where the assessee maintained a common Cenvat account for exempted and dutiable goods and reversed the relevant credit after clearance, the Tribunal applied settled precedent that such reversal has the effect of treating the credit as never taken. On that basis, the demand under Rule 6(3)(b) was unsustainable and the assessee succeeded. en-us Thu, 30 Jun 2016 00:00:00 +0530 Wed, 22 Nov 2017 08:11:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196210 Subsequent reversal of proportionate Cenvat credit attributable to inputs and input services used in exempted final products was treated as curing the objection under Rule 6(3)(b) of the Cenvat Credit Rules. Where the assessee maintained a common Cenvat account for exempted and dutiable goods and reversed the relevant credit after clearance, the Tribunal applied settled precedent that such reversal has the effect of treating the credit as never taken. On that basis, the demand under Rule 6(3)(b) was unsustainable and the assessee succeeded. Case-Laws Central Excise Thu, 30 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196210