https://www.taxtmi.com/caselaws?id=370565 The Tribunal held that the appellants were required to reverse the input credit availed on inputs used in exempted final products under Rule 6 of the Cenvat Credit Rules, 2004. However, as the appellants had already reversed the proportionate amounts and there was no malafide intention, the penalty under Rule 15 read with Section 11AC was deemed unjustified. Consequently, the order-in-original was modified, and the appeal was partly allowed. en-us Mon, 12 Nov 2018 00:00:00 +0530 Sun, 18 Nov 2018 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=370565 The Tribunal held that the appellants were required to reverse the input credit availed on inputs used in exempted final products under Rule 6 of the Cenvat Credit Rules, 2004. However, as the appellants had already reversed the proportionate amounts and there was no malafide intention, the penalty under Rule 15 read with Section 11AC was deemed unjustified. Consequently, the order-in-original was modified, and the appeal was partly allowed. Case-Laws Central Excise Mon, 12 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=370565