https://www.taxtmi.com/caselaws?id=394289 CENVAT credit reversal under Rule 6(3) was not attracted where inputs were stored and accounted for batch-wise, and credit was taken only on the proportionate quantity actually used in dutiable manufacture or in exempted goods exported under bond. On those facts, there was no common input credit to trigger the reversal mechanism. Exempted goods cleared for export under bond also fell within Rule 6(6), which carves such exports out of the restriction in Rule 6(1) to Rule 6(4). Accordingly, no reversal of credit was payable on the export clearances, and the demand, interest, and penalty could not survive. en-us Thu, 20 Feb 2020 00:00:00 +0530 Wed, 08 Apr 2020 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394289 CENVAT credit reversal under Rule 6(3) was not attracted where inputs were stored and accounted for batch-wise, and credit was taken only on the proportionate quantity actually used in dutiable manufacture or in exempted goods exported under bond. On those facts, there was no common input credit to trigger the reversal mechanism. Exempted goods cleared for export under bond also fell within Rule 6(6), which carves such exports out of the restriction in Rule 6(1) to Rule 6(4). Accordingly, no reversal of credit was payable on the export clearances, and the demand, interest, and penalty could not survive. Case-Laws Central Excise Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394289