https://www.taxtmi.com/caselaws?id=360248 The Tribunal partially allowed the appeals by setting aside demands for Cenvat credit balance under Rule 9(2) and Rule 11(3) of CCR, 2002/2004. It held that Rule 9(2) applies to value-based exemptions and Rule 11(3) applies prospectively from 01.03.2007. The demands related to these rules were not sustainable in law for the period before the prospective application. However, the Tribunal upheld demands for specific amounts of Cenvat credit and Cotton Produce Cess, emphasizing the importance of interpreting rules in line with their applicability and prospective nature. en-us Thu, 05 Apr 2018 00:00:00 +0530 Mon, 14 May 2018 06:12:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360248 The Tribunal partially allowed the appeals by setting aside demands for Cenvat credit balance under Rule 9(2) and Rule 11(3) of CCR, 2002/2004. It held that Rule 9(2) applies to value-based exemptions and Rule 11(3) applies prospectively from 01.03.2007. The demands related to these rules were not sustainable in law for the period before the prospective application. However, the Tribunal upheld demands for specific amounts of Cenvat credit and Cotton Produce Cess, emphasizing the importance of interpreting rules in line with their applicability and prospective nature. Case-Laws Central Excise Thu, 05 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360248