https://www.taxtmi.com/caselaws?id=414234 The Tribunal held that the appellant's reversal of proportionate Cenvat credit with interest post the retrospective amendment made the demand for 5%/10% of exempted goods value under Rule 6(3) unsustainable. The matter was remanded for verification of the reversal amount, emphasizing that the reversal constituted sufficient compliance. The demand, penalties, and the impugned order were set aside, with the appeal allowed and no extended period for demand deemed applicable. en-us Fri, 29 Oct 2021 00:00:00 +0530 Mon, 01 Nov 2021 07:09:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414234 The Tribunal held that the appellant's reversal of proportionate Cenvat credit with interest post the retrospective amendment made the demand for 5%/10% of exempted goods value under Rule 6(3) unsustainable. The matter was remanded for verification of the reversal amount, emphasizing that the reversal constituted sufficient compliance. The demand, penalties, and the impugned order were set aside, with the appeal allowed and no extended period for demand deemed applicable. Case-Laws Central Excise Fri, 29 Oct 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414234