https://www.taxtmi.com/caselaws?id=273483 Clearances made under an exemption notification, with the prescribed Chapter X procedure duly followed, did not require reversal of 8% or 10% of the value on account of common input credit. The Tribunal applied its earlier view, consistent with Dharamsi Morarji Chemical Co. Ltd. and the Bombay High Court's affirmation, and held that the demand for a fixed-percentage reversal could not survive merely because CENVAT credit had been taken. The impugned orders were set aside and the dispute was resolved in favour of the assessee on the exemption and credit-reversal issue. en-us Thu, 07 Sep 2017 00:00:00 +0530 Thu, 28 Jun 2018 20:57:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=273483 Clearances made under an exemption notification, with the prescribed Chapter X procedure duly followed, did not require reversal of 8% or 10% of the value on account of common input credit. The Tribunal applied its earlier view, consistent with Dharamsi Morarji Chemical Co. Ltd. and the Bombay High Court's affirmation, and held that the demand for a fixed-percentage reversal could not survive merely because CENVAT credit had been taken. The impugned orders were set aside and the dispute was resolved in favour of the assessee on the exemption and credit-reversal issue. Case-Laws Central Excise Thu, 07 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=273483