https://www.taxtmi.com/caselaws?id=360840 Reversal of proportionate CENVAT credit attributable to common input services before issuance of the show-cause notice was treated as equivalent to non-availment of that credit. On that basis, the percentage-based liability under Rule 6(3)(i) of the CENVAT Credit Rules, 2004 was held not to arise merely because separate accounts had not been maintained. The demand was therefore unsustainable, and the associated interest and penalty also fell with the principal demand. en-us Mon, 26 Mar 2018 00:00:00 +0530 Thu, 24 May 2018 06:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=360840 Reversal of proportionate CENVAT credit attributable to common input services before issuance of the show-cause notice was treated as equivalent to non-availment of that credit. On that basis, the percentage-based liability under Rule 6(3)(i) of the CENVAT Credit Rules, 2004 was held not to arise merely because separate accounts had not been maintained. The demand was therefore unsustainable, and the associated interest and penalty also fell with the principal demand. Case-Laws Central Excise Mon, 26 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=360840