https://www.taxtmi.com/caselaws?id=402007 The Tribunal held that Rule 6(3)(i) does not apply when credit is mistakenly taken and then reversed, as it equals non-availment of credit. The demand of Rs. 32,40,001/- was set aside, and the appeal allowed with consequential benefits. Rule 6 aims to prevent availing credit on inputs for exempt goods, and excess amounts should not be recovered from the assessee. en-us Tue, 10 Nov 2020 00:00:00 +0530 Tue, 22 Dec 2020 14:09:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402007 The Tribunal held that Rule 6(3)(i) does not apply when credit is mistakenly taken and then reversed, as it equals non-availment of credit. The demand of Rs. 32,40,001/- was set aside, and the appeal allowed with consequential benefits. Rule 6 aims to prevent availing credit on inputs for exempt goods, and excess amounts should not be recovered from the assessee. Case-Laws Service Tax Tue, 10 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402007