https://www.taxtmi.com/caselaws?id=371396 Proportionate reversal of Cenvat credit attributable to exempted and non-excisable goods, together with interest, is treated as sufficient compliance with Rule 6(3) of the Cenvat Credit Rules, 2004. On that approach, the assessees are treated as having not availed the credit ab initio, so the further demand of 5% or 10% of the value of exempted goods is not sustainable. The commentary also states that where the dispute is confined to interpretation of the Cenvat scheme and the records do not show suppression or intent to evade duty, invocation of the extended period and the related penalties cannot survive. en-us Mon, 03 Dec 2018 00:00:00 +0530 Mon, 18 Nov 2019 13:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371396 Proportionate reversal of Cenvat credit attributable to exempted and non-excisable goods, together with interest, is treated as sufficient compliance with Rule 6(3) of the Cenvat Credit Rules, 2004. On that approach, the assessees are treated as having not availed the credit ab initio, so the further demand of 5% or 10% of the value of exempted goods is not sustainable. The commentary also states that where the dispute is confined to interpretation of the Cenvat scheme and the records do not show suppression or intent to evade duty, invocation of the extended period and the related penalties cannot survive. Case-Laws Central Excise Mon, 03 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371396