https://www.taxtmi.com/caselaws?id=378301 The Tribunal upheld the demand for reversal of 5% of the value of bulk drugs cleared to the Domestic Tariff Area (DTA) at nil rate of duty, as the appellant failed to maintain separate accounts for common inputs as required by Rule 6(2) of CENVAT Credit Rules, 2004. The appellant's arguments regarding the treatment of bulk drugs as exempted/non-excisable goods were rejected, leading to the dismissal of the appeal. Compliance with Rule 6 and maintaining proper accounts for common inputs is crucial to avoid demands for reversal of credit for exempted goods. en-us Thu, 10 Jan 2019 00:00:00 +0530 Sat, 13 Apr 2019 05:46:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378301 The Tribunal upheld the demand for reversal of 5% of the value of bulk drugs cleared to the Domestic Tariff Area (DTA) at nil rate of duty, as the appellant failed to maintain separate accounts for common inputs as required by Rule 6(2) of CENVAT Credit Rules, 2004. The appellant's arguments regarding the treatment of bulk drugs as exempted/non-excisable goods were rejected, leading to the dismissal of the appeal. Compliance with Rule 6 and maintaining proper accounts for common inputs is crucial to avoid demands for reversal of credit for exempted goods. Case-Laws Central Excise Thu, 10 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378301