https://www.taxtmi.com/caselaws?id=363362 The Tribunal set aside the demand of 10% of the value of exempted products and the penalty imposed under Rule 15 of CENVAT Credit Rules, 2004. The appellants had availed CENVAT credit on input services used for both dutiable and exempted products without separate accounts but reversed the credit for common input services. The Tribunal held that since the appellants rectified the irregular credit availed, the demand for payment was unjust. The appeal was allowed with consequential relief as per law. en-us Fri, 20 Apr 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363362 The Tribunal set aside the demand of 10% of the value of exempted products and the penalty imposed under Rule 15 of CENVAT Credit Rules, 2004. The appellants had availed CENVAT credit on input services used for both dutiable and exempted products without separate accounts but reversed the credit for common input services. The Tribunal held that since the appellants rectified the irregular credit availed, the demand for payment was unjust. The appeal was allowed with consequential relief as per law. Case-Laws Central Excise Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363362