https://www.taxtmi.com/caselaws?id=414645 The Tribunal held that the assessee was entitled to reverse the proportionate amount of CENVAT credit as it met the requirements under Rule 6(1) and 6(2). The exclusion of credit taken on certain services under Rule 6(5) while reversing was also upheld. The show cause notice demanding an amount under Rule 6(3) was deemed unauthorized, leading to the penalty imposed on the appellant being unsustainable. Consequently, the impugned order was set aside, the assessee's appeal was allowed, and the Revenue's appeal was rejected. en-us Wed, 10 Nov 2021 00:00:00 +0530 Tue, 18 Apr 2023 12:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=414645 The Tribunal held that the assessee was entitled to reverse the proportionate amount of CENVAT credit as it met the requirements under Rule 6(1) and 6(2). The exclusion of credit taken on certain services under Rule 6(5) while reversing was also upheld. The show cause notice demanding an amount under Rule 6(3) was deemed unauthorized, leading to the penalty imposed on the appellant being unsustainable. Consequently, the impugned order was set aside, the assessee's appeal was allowed, and the Revenue's appeal was rejected. Case-Laws Central Excise Wed, 10 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=414645