https://www.taxtmi.com/caselaws?id=359719 Amended Rule 6 of the CENVAT Credit Rules, 2002 permitted proportionate reversal of credit attributable to exempted products with retrospective effect under the Finance Act, 2010. The Tribunal accepted that the appellant could claim this benefit where proportionate credit had allegedly been reversed periodically, even though separate records were not maintained. Because the actual quantum of credit attributable to exempted goods still required factual verification, the matter was remanded to the adjudicating authority for ascertainment of the credit position and fresh decision in accordance with law. en-us Mon, 12 Feb 2018 00:00:00 +0530 Fri, 04 May 2018 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359719 Amended Rule 6 of the CENVAT Credit Rules, 2002 permitted proportionate reversal of credit attributable to exempted products with retrospective effect under the Finance Act, 2010. The Tribunal accepted that the appellant could claim this benefit where proportionate credit had allegedly been reversed periodically, even though separate records were not maintained. Because the actual quantum of credit attributable to exempted goods still required factual verification, the matter was remanded to the adjudicating authority for ascertainment of the credit position and fresh decision in accordance with law. Case-Laws Central Excise Mon, 12 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359719