https://www.taxtmi.com/caselaws?id=372879 The Tribunal set aside the penalty imposed on the appellant, ruling that once the appellant complied with Rule 6(3) by paying 6% of the value of exempted goods and voluntarily reversing the credit, the Revenue could not demand reversal of the entire credit availed on inputs used exclusively for exempted goods. This decision favored the appellant's argument that maintaining separate accounts for inputs was impractical after making the required payment under Rule 6(3)(i). en-us Fri, 28 Dec 2018 00:00:00 +0530 Wed, 02 Jan 2019 06:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372879 The Tribunal set aside the penalty imposed on the appellant, ruling that once the appellant complied with Rule 6(3) by paying 6% of the value of exempted goods and voluntarily reversing the credit, the Revenue could not demand reversal of the entire credit availed on inputs used exclusively for exempted goods. This decision favored the appellant's argument that maintaining separate accounts for inputs was impractical after making the required payment under Rule 6(3)(i). Case-Laws Central Excise Fri, 28 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372879