https://www.taxtmi.com/caselaws?id=363011 Rule 3(5) of the Cenvat Credit Rules, 2004 requires reversal only of credit availed on inputs or capital goods cleared as such, and does not extend to credit on input services. Rule 6 applies where inputs or input services are used for both dutiable and exempted supplies and separate records are not maintained, but its reversal mechanism concerns credit attributable to exempted goods or services. On that basis, credit already reversed for repair, insurance and rent-a-cab services could not justify further reversal of input service credit, and the connected demand and penalty were unsustainable. en-us Wed, 23 May 2018 00:00:00 +0530 Sat, 07 Jul 2018 06:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363011 Rule 3(5) of the Cenvat Credit Rules, 2004 requires reversal only of credit availed on inputs or capital goods cleared as such, and does not extend to credit on input services. Rule 6 applies where inputs or input services are used for both dutiable and exempted supplies and separate records are not maintained, but its reversal mechanism concerns credit attributable to exempted goods or services. On that basis, credit already reversed for repair, insurance and rent-a-cab services could not justify further reversal of input service credit, and the connected demand and penalty were unsustainable. Case-Laws Central Excise Wed, 23 May 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363011